The econometrics of the Holy Grail: A critique (Revised version)

H.A. Keuzenkamp

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This paper discusses the methodological views of David Hendry. A critique is given on the reification of the so-called Data Generating Process. The merits of general to specific modelling are analyzed. Hendry's neo-Popperian philosophy is examined. It is argued that this philosophy is not able to transform econometrics from `alchemy' to `science'.
Original languageEnglish
PublisherUnknown Publisher
Number of pages24
Publication statusPublished - 1995

Publication series

NameCentER Discussion Paper


  • Econometrics
  • Testing
  • Data Generation Process
  • econometrics


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