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Qin, Duo (2014) 'Consolidation of the Haavelmo-Cowles Commission Research Program.' Econometric Theory, 31 (2). pp. 275-293.

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Abstract

Much of modern econometrics stems directly from the post-1940 works of Haavelmo and the Cowles Commission (CC) Monograph 10. This paper examines the consolidation process of the Haavelmo-CC research program mainly during the 1950–70 period from three aspects: (i) developments of econometrics textbooks, (ii) emerging themes and trends in econometric research, and (iii) the contribution of the program to empirical modeling of real-world issues. The examination reveals that the program has gained dominance primarily through its adherence to the scientific banner and style rather than its empirical relevance. The adoption of the hard science methodology is decisive in winning over the academic community; the taxonomy of econometrics into steps involving primarily specification, identification, and estimation has played a pivotal role in generating compartmentalized research topics with manageable technical challenge and also in facilitating the educational need for compiling self-contained subjects and definitely soluble questions.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 02664666
DOI (Digital Object Identifier): https://doi.org/10.1017/S0266466614000309
Date Deposited: 06 Aug 2014 08:45
URI: https://eprints.soas.ac.uk/id/eprint/18826
Related URLs: http://journals ... 266466614000309

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