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The Cowles Commission, the Brookings Project, and the Econometric Services Industry: Successes and Possible New Directions: A Personal View

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  • McCarthy, Michael D.

Abstract

This paper presents an overview of the Cowles Commission effort in the area of econometric theory and a critical review of the Brookings Project, but flaws are noted in both efforts. The Brookings part reflects a view of the project as seen by one of the younger members of the coordinating team; it is a view shared to some extent by other members. The paper deals with the research work stimulated by both projects and contains a brief but frank discussion of the emergence of a commercial econometric services industry. Finally, promising areas for future research are noted.

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  • McCarthy, Michael D., 1992. "The Cowles Commission, the Brookings Project, and the Econometric Services Industry: Successes and Possible New Directions: A Personal View," Econometric Theory, Cambridge University Press, vol. 8(3), pages 383-401, September.
    • Handle: RePEc:cup:etheor:v:8:y:1992:i:03:p:383-401_01
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    Cited by:

    1. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5, July-Dece.

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