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

Published online by Cambridge University Press:  18 October 2010

Michael D. McCarthy
Michael D. McCarthy
Affiliation:
Cowles, Brookings, and New Directions
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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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Econometric Theory , Volume 8 , Issue 3 , September 1992 , pp. 383 - 401
Copyright
Copyright © Cambridge University Press 1992

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