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A History of EconometricsThe Reformation from the 1970s$
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Duo Qin

Print publication date: 2013

Print ISBN-13: 9780199679348

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199679348.001.0001

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(p.189) Epilogue
A History of Econometrics

Qin Duo

Oxford University Press

The epilogue provides a short methodological discussion with respect to the following questions. Why has there not yet been a ‘paradigm shift’ in spite of all those reformative movements during the 1970-1990 period? What can be regarded as the major methodological advances of those movements? How effective are these advances in reshaping econometrics? What is the key insight or lesson that can be drawn from this historical investigation?

Keywords:   Role of models, substantive models, methodological closure, philosophy of science

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