Reiss, Julian (2003) Practice ahead of theory: instrumental variables, natural experiments and inductivism in econometrics. Technical report (CPNSS Research Project), CTR 12/03. Centre for Philosophy of Natural and Social Sciences, London School of Economics and Political Science., London, UK.Full text not available from this repository.
This paper argues that the field of econometrics divides into camps of sinners and preachers. Specifically, I look at two sins condemned by the preachers: the making of causal background assumptions when identifying parameters for estimation and the estimation of parameters that have no or little theoretical significance. I argue that practitioners in the natural experiments literature happily commit these sins and that this is for the good of the discipline.
|Item Type:||Monograph (Technical Report)|
|Additional Information:||© 2003 The Author|
|Library of Congress subject classification:||H Social Sciences > HB Economic Theory|
|Sets:||Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS)|
|Identification Number:||CTR 12/03|
|Date Deposited:||09 Jun 2011 15:12|
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