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

H.A. Keuzenkamp

Research output: Working paperDiscussion paperOther research output

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Abstract

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
Volume1995-21
Publication statusPublished - 1995

Publication series

NameCentER Discussion Paper
Volume1995-21

Fingerprint

Holy
Philosophy
Karl Popper
Reification
Modeling
Merit
Alchemy

Keywords

  • Econometrics
  • Testing
  • Data Generation Process
  • econometrics

Cite this

Keuzenkamp, H. A. (1995). The econometrics of the Holy Grail: A critique (Revised version). (CentER Discussion Paper; Vol. 1995-21). Unknown Publisher.
Keuzenkamp, H.A. / The econometrics of the Holy Grail : A critique (Revised version). Unknown Publisher, 1995. (CentER Discussion Paper).
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Keuzenkamp, HA 1995 'The econometrics of the Holy Grail: A critique (Revised version)' CentER Discussion Paper, vol. 1995-21, Unknown Publisher.

The econometrics of the Holy Grail : A critique (Revised version). / Keuzenkamp, H.A.

Unknown Publisher, 1995. (CentER Discussion Paper; Vol. 1995-21).

Research output: Working paperDiscussion paperOther research output

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Keuzenkamp HA. The econometrics of the Holy Grail: A critique (Revised version). Unknown Publisher. 1995. (CentER Discussion Paper).