The Methodology of Econometric Models of the Consumption Function
1. Auflage 2008,
176 Seiten, Gebunden, Format (B × H): 156 mm x 234 mm, Gewicht: 396 g
Reihe: Routledge INEM Advances in Economic Methodology
Chao Representation and Structure in EconomicsThis book provides a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and philosophy of science are interconnected while exploring the methodological insight of econometric modelling that can be added to modern philosophical thought.
The notion of structure is thoroughly discussed throughout the book. The studies of the consumption function of Trygve Haavelmo, Richard Stone, Milton Friedman, David Hendry and Robert Lucas are taken as the case studies to investigate their methodological implications of model and structure. In addition to the semantic view of the scientific theories, various philosophical accounts concerning scientific models are used to shed light on the methodological nature of these consumption studies in economics.
This book will be of great interest to scholars and students of methodology of economics and econometrics as well as anyone interested in the philosophy of science in an economic context.
Weitere Infos & Material
Preface 1. Introduction: Taking Structure Seriously 2. Structure and its Measurement in Econometrics 3. Theory, Structure, and Models: 4. Two Strands of Demand Analysis: 5. Trygve Haavelmo and Measuring the Structure of the Consumption Function 6. Milton Friedman and the Emergence of the Permanent Income Hypothesis 7. Professor Hendry’s Econometric Methodology Reconsidered Congruence and Structural Empiricism 8. A Structure of the Consumption Function 9. Conclusion Bibliography