English

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Etymology

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An adaptation of the French économétrie. Coined by Norwegian economist Ragnar Frisch in 1926. Compare the earlier German Oekonometrie (now generally spelt Ökonometrie), first used (in a different sense) by Polish economist Paweł Ciompa in 1910.

Pronunciation

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Noun

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econometrics (uncountable)

  1. (economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
    • 2024 March, Angus Deaton, “Rethinking My Economics”, in F&D Magazine[1]:
      The credibility revolution in econometrics was an understandable reaction to the identification of causal mechanisms by assertion, often controversial and sometimes incredible.
    • 2026 May 3, Ezra Klein, “Why the A.I. Job Apocalypse (Probably) Won’t Happen”, in The New York Times[2], →ISSN:
      Here is a poetic finding from econometrics: As the rich get richer, they want more from other humans, not less.
    • For more quotations using this term, see Citations:econometrics.

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