ABSTRACT

Econometrics is the name for a field of science in which mathematical-economic and mathematical-statistical research are applied in combination. Econometrics, therefore, forms a borderland between two branches of science, with the advantages and disadvantages thereof; advantages, because new combinations are introduced which often open up new perspectives; disadvantages, because the work in this field requires skill in two domains, which either takes up too much time or leads to insufficient training of its students in one of the two respects. As a boundary science, econometrics is younger than the adjacent regions, which fact likewise has advantages and disadvantages. As a disadvantage, the lack of an established doctrine, and also the lack of established textbooks, can be felt; as an advantage, is the fresh enthusiasm, with which its students work. The purpose of this book is to provide an orientation. For this purpose, the most important results of econometric research will be discussed. If one reviews these results, which for the greater part have come into being during the last two decades, a considerable vitality becomes evident.