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Discover Latest #Econometrics News, Articles and Videos with Contenting
Econometrics is a branch of economics that applies statistical and mathematical methods to analyze economic data. It is a powerful tool to measure the impact of economic policy and to understand how the economy works. News and articles related to econometrics often cover topics such as modeling, forecasting, data analysis, and the impact of economic policy on the economy. Videos related to econometrics cover topics such as how to use econometric models, how to interpret economic data, and how to use econometric tools.
‘Autonomy’ in econometrics | LARS P. SYLL
The point of the discussion, of course, has to do with where Koopmans thinks we should look for "autonomous behaviour relations". He appeals to experience but in a somewhat oblique manner. He refers to the Harvard barometer "to show that relationships between economic variables ... not traced to underlying behaviour equations are unreliable as instruments…
Econometrics — a ‘realist’ critique | LARS P. SYLL
A popular idea in quantitative social sciences is to think of a cause (C) as something that increases the probability of its effect or outcome (O). That is: P(O|C) > P(O|-C) However, as is also well known, a correlation between two variables, say A and B, does not necessarily imply that one is a cause…
Keynes’ critique of econometrics is still valid | LARS P. SYLL
Mainstream economists often hold the view that Keynes' criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand the crucial issues…
Weekend read: Keynes’ critique of econometrics is still valid | Real-World Economics Review Blog
from Lars Syll Mainstream economists often hold the view that Keynes’ criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand…
Finding Eigenvalues and Eigenvectors (student stuff) | LARS P. SYLL
. When applying principal component analysis in econometrics courses we often want to reduce data dimensionality. Eigenvalues and eigenvectors help us do that. In macroeconomics -- especially when we use dynamic programming and Bellman equations to solve optimization problems -- eigenvalues and eigenvectors help us determine convergence and stability properties. So -- good to have…
Econometrics — a critical realist critique | LARS P. SYLL
Mainstream economists often hold the view that criticisms of econometrics are the conclusions of sadly misinformed and misguided people who dislike and do not understand much of it. This is really a gross misapprehension. To be careful and cautious is not the same as to dislike. Any perusal of the mathematical-statistical and philosophical works of Nancy…
Manufacturing Job Openings - Cafe Hayek
TweetIt’s not Nobel Prize-caliber econometrics, but here’s a bit of data on manufacturing jobs in the U.S. – you know, the kinds of jobs that Pres. Trump and other NatCons insist that Americans are so desperate to have more of that it’s worthwhile to throw the entire global economy into tariff-powered tantrums in order to […]
Sarah Smith and Brit Grosskopf to lead UK's Research Excellence Framework (REF) 2029 Economics & Econometrics Assessment | INOMICS
Sarah Smith (Bristol) and Brit Grosskopf (Exeter) have been appointed as the Chair and Deputy Chair respectively to the Economics and Econometrics Sub-Panel for the UK's Research Excellence Framework (REF) 2029
Thursday assorted links - Marginal REVOLUTION
1. Andrej on AI video. 2. Abigail Adams Institute, near Harvard (NYT). 3. Can AI master econometrics? 4. Russ Roberts celebrates his 1000th episode. 5. AI personality extraction from faces. 6. Data on AI and employment trends. 7. Using the Nobel Lectures to Identify Hidden Women in Economic Thought. 8. China commencement speech tweet of the […]
Econometrics — a severe case of mock empiricism | LARS P. SYLL
According to Guy Routh, econometrics is nothing but “mock empiricism, with statistics subjected to econometric torture until they admit to effects of which they are innocent.” Similarly, Mark Blaug in his The Methodology of Economics argued that econometric testing is like “playing tennis with the net down.” Although these are rather harsh judgments, I believe…