The Theory of Reduction in Econometrics

Steven Cook; David F. Hendry

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The Theory of Reduction in Econometrics

In: Idealization VI: Idealization in Economics

Authors:

Steven Cook

Steven Cook
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David F. Hendry

David F. Hendry
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Type:: Chapter

Pages:: 71–100

DOI:: https://doi.org/10.1163/9789004457379_006

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Abstract

Analysis of a number of types of reduction to be used in ‘general to specific’ modelling in econometric methodology. Specification of measures for the loss of information resulting from every type of reduction. Based upon this analysis, the formulation of criteria for model design in econometrics.

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Idealization VI: Idealization in Economics

Series: Poznań Studies in the Philosophy of the Sciences and the Humanities, Volume: 38/6 and Idealization, Volume: 38/6

E-Book ISBN:: 9789004457379

Publisher:: Brill

Print Publication Date:: 01 Jan 1994

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The Theory of Reduction in Econometrics

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Idealization VI: Idealization in Economics

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