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 Introduction

Timothy Fitzgerald

in Discourse on Civility and Barbarity

Published in print:
2008
Published Online:
January 2008
ISBN:
9780195300093
eISBN:
9780199868636
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300093.003.0001
Subject:
Religion, Religion and Literature

This wide‐ranging chapter introduces key aspects of the argument to be discussed in greater detail in subsequent chapters. The chapter sets out the proposition that the formation of a category ... More


The Swedish Model: A Comment on Mancur Olson's Analysis

Erik Moberg

in A Not-so-dismal Science: A Broader View of Economies and Societies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198294900
eISBN:
9780191596728
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294905.003.0007
Subject:
Economics and Finance, Economic Systems

Sweden is a famous example of the modern democratic welfare state. This chapter discusses the rise and fall of the ‘Swedish model’ and disputes Olson's analysis (in two separate publications) of the ... More


Encompassing

David F. Hendry

in Dynamic Econometrics

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198283164
eISBN:
9780191596384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283164.003.0014
Subject:
Economics and Finance, Econometrics

Encompassing seeks to resolve the proliferation of rival models for the same data set by requiring any given model to account for the results obtained by other models, whether nested or non‐nested. ... More


Dynamic Econometrics

David F. Hendry

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198283164
eISBN:
9780191596384
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198283164.001.0001
Subject:
Economics and Finance, Econometrics

This systematic and integrated framework for econometric modelling is organized in terms of three levels of knowledge: probability, estimation, and modelling. All necessary concepts of econometrics ... More


Econometrics: Alchemy or Science?: Essays in Econometric Methodology

David F. Hendry

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.001.0001
Subject:
Economics and Finance, Econometrics

This collection of published papers records the development of an approach to econometric modelling that has reached a highly successful stage. The methodology of modelling ‘observational data’, as ... More


Simultaneous Equations Systems

David F. Hendry

in Dynamic Econometrics

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198283164
eISBN:
9780191596384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283164.003.0011
Subject:
Economics and Finance, Econometrics

Linear system modelling is structured in 10 stages from the general to the specific. The dynamic statistical system is the maintained model, defined by the variables of interest, their distributions, ... More


Liquidity and Inflation Effects on Consumers' Expenditure

David F. Hendry and Thomas von Ungern‐Sternberg

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0010
Subject:
Economics and Finance, Econometrics

An integral correction mechanism (based on liquid assets) related to servomechanistic control theory improved the DHSY specification and explained the role of inflation as measuring the erosion of ... More


Interpreting Econometric Evidence: The Behaviour of Consumers' Expenditure in the United Kingdom

David F. Hendry and James E. H. Davidson

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0011
Subject:
Economics and Finance, Econometrics

Updates and tests whether DHSY and HUS specifications encompass the rational‐expectations, permanent‐income model by eliminating contemporaneous income terms. Both reject that model and lead to an ... More


On the Formulation of Empirical Models in Dynamic Econometrics

David F. Hendry and Jean‐François Richard

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0017
Subject:
Economics and Finance, Econometrics

Investigates the constructs of innovation errors, invariance, encompassing, and data admissibility, relates these to exogeneity and progressive research strategies, and introduces the notion of ... More


The Econometric Analysis of Economic Time Series

David F. Hendry and Jean‐François Richard

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0018
Subject:
Economics and Finance, Econometrics

This overview proposes a general framework linking economic analysis to a reduction‐based statistical methodology based on parameter change, expectations and contingent plans, conditioning and weak ... More


Econometric Modelling: The ‘Consumption Function’ In Retrospect

David F. Hendry

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0019
Subject:
Economics and Finance, Econometrics

Exposits the main ideas and concepts for consumers’ expenditure behaviour in the UK to clarify their empirical content and implications. Each theoretical concept in the information taxonomy is ... More


Postscript: The Econometrics of PC‐GIVE

David F. Hendry

in Econometrics: Alchemy or Science?: Essays in Econometric Methodology

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293545
eISBN:
9780191596391
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293542.003.0020
Subject:
Economics and Finance, Econometrics

The model class is summarized in terms of the properties of specific linear models, including cointegration and equilibrium (error) correction. Model evaluation is based on the associated information ... More


Model Identification and Nonunique Structure *

David F. Hendry, Maozu Lu, and Grayham E. Mizon

in The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199237197
eISBN:
9780191717314
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199237197.003.0014
Subject:
Economics and Finance, Econometrics

Relevance, reliability, and robustness are critical properties for an econometric model to have in order to be valuable and enduring. To establish these properties requires rigorous evaluation of ... More


Autometrics *

Jurgen A. Doornik

in The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199237197
eISBN:
9780191717314
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199237197.003.0004
Subject:
Economics and Finance, Econometrics

Autometrics is a new algorithm for automatic model selection within the general-to-specific framework (also known as the ‘Hendry’ or ‘LSE’ methodology). It improves on previous implementations ... More


Role of Encompassing

David F. Hendry

in Empirical Model Discovery and Theory Evaluation: Automatic Selection Methods in Econometrics

Published in print:
2014
Published Online:
January 2015
ISBN:
9780262028356
eISBN:
9780262324410
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262028356.003.0013
Subject:
Economics and Finance, Econometrics

Encompassing seeks to reconcile competing empirical models, all of which claim to explain some economic phenomena. If distinct competing models exist, all but one must either be incomplete or ... More


Calibration of Model Selection and Design Procedure

Qin Duo

in A History of Econometrics: The Reformation from the 1970s

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199679348
eISBN:
9780191758416
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679348.003.0010
Subject:
Economics and Finance, Econometrics, History of Economic Thought

This chapter looks at the slow and bumpy development of criteria and procedures for model selection and design. It describes how econometricians have gradually turned to face squarely the vexing ... More


Rise of the LSE Approach

Qin Duo

in A History of Econometrics: The Reformation from the 1970s

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199679348
eISBN:
9780191758416
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679348.003.0005
Subject:
Economics and Finance, Econometrics, History of Economic Thought

This chapter studies the development of the LSE (London School of Economics) approach. The study starts from the growing research focus on dynamic specification issues, away from issues relating to ... More


Being

Jennifer Anna Gosetti-Ferencei

in On Being and Becoming: An Existentialist Approach to Life

Published in print:
2021
Published Online:
October 2020
ISBN:
9780190913656
eISBN:
9780197516867
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190913656.003.0011
Subject:
Philosophy, General

Being, as this chapter shows, is the most difficult existentialist concept to define, and it is on this topic that the existentialists are most diverse and often obscure. Being encompasses the ... More


Contradictions, Divisions, and Competition:Encompassing Labor Regulation in Peru

Matthew E. Carnes

in Continuity Despite Change: The Politics of Labor Regulation in Latin America

Published in print:
2014
Published Online:
January 2015
ISBN:
9780804789431
eISBN:
9780804792424
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804789431.003.0005
Subject:
Political Science, Comparative Politics

This chapter examines Peru as an example of an “encompassing” labor law regime, which offers low levels of individual worker protections but facilitates independent union organization and activity. ... More


Selecting Non-Linear Models

David F. Hendry

in Empirical Model Discovery and Theory Evaluation: Automatic Selection Methods in Econometrics

Published in print:
2014
Published Online:
January 2015
ISBN:
9780262028356
eISBN:
9780262324410
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262028356.003.0021
Subject:
Economics and Finance, Econometrics

The selection of a non-linear model often begins from a previous linear model and adds non-linear terms. Such an approach is specific-to-general in two respects. First, between studies, advances are ... More


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