Econometric reduction theory and philosophy

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dc.contributor.author Sucarrat, Genaro
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2009-02-27T12:04:39Z
dc.date.available 2009-02-27T12:04:39Z
dc.date.issued 2009-02
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/3773
dc.description.abstract Econometric reduction theory provides a comprehensive probabilistic framework for the analysis and classification of the reductions (simplifications) associated with empirical econometric models. However, the available approaches to econometric reduction theory are unable to satisfactory accommodate a commonplace theory of social reality, namely that the course of history is indeterministic, that history does not repeat itself and that the future depends on the past. Using concepts from philosophy this paper proposes a solution to these shortcomings, which in addition permits new reductions, interpretations and definitions.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 09-05
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Theory of reduction
dc.subject.other DGP
dc.subject.other Possible worlds
dc.subject.other Econometrics and philosophy
dc.title Econometric reduction theory and philosophy
dc.type workingPaper
dc.subject.jel B40
dc.subject.jel C50
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.identifier.repec we091005
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