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A Semantic Interpretation of Haavelmo's Structure of Econometrics

Published online by Cambridge University Press:  09 November 2000

George C. Davis
Affiliation:
Texas A&M University

Abstract

Trygve Haavelmo's 1944 article ‘The Probability Approach in Econometrics’ is considered by most to have provided the foundations for present day econometrics (Morgan, 1990, Chapters 8 and 9). Since Haavelmo (1944), extraordinary advances have been made in econometrics. However, over the last two decades the efficacy and scientific status of econometrics has become questionable. Not surprisingly, the growing discontent with econometrics has been accompanied by a growing interest in econometric methodology.

Type
Research Article
Copyright
© 2000 Cambridge University Press

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