By Yongmiao Hong, 2006
WISE Working Paper, China
Econometrics has become an integral part of training in modern economics and business.Together with microeconomics and macroeconomics, econometrics has been taught as one of thethree core courses in most undergraduate and graduate economic programs in North America. InChina, the importance of econometrics has been increasingly recognized and econometric toolsand methods have been widely employed in empirical studies on Chinese economy. However,there is a substantial gap between Chinese econometrics and modern econometrics. There stillexists conceptual misunderstanding of econometrics among Chinese economic profession, andthere exist some problems in Chinese econometric teaching and research. This paper discussesthe philosophy and methodology of econometrics, the roles and limitations of econometrics,and the di¤erences between econometrics and mathematical economics as well as mathematicalstatistics. A variety of illustrative econometric examples are given, which cover various …eldsof economics and …nance The paper also suggests how to improve and strengthen econometricteaching and research in China.
See this paper at: http://wise.xmu.edu.cn/discourse/20060831/%E7%90%86%E8%A7%A3%E7%8E%B0%E4%BB%A3%E8%AE%A1%E9%87%8F%E7%BB%8F%E6%B5%8E%E5%AD%A6.pdf
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