The early development of econometric modeling languages

Issue title: Computational Econometrics: Its Impact on the Development of Quantitative Economics

Guest editors: Charles G. Renfro

Article type: Research Article

Authors: Renfro, Charles G.^a

Affiliations: [a] 601 West 113th Street, #12G, New York, NY 10025, USA. E-mail: cgrenfro@modler.com | 601 West 113th Street, #12G, New York, NY 10025, USA. E-mail: cgrenfro@modler.com

Abstract: This article considers certain salient aspects of the development of software specifically created in order to support the construction, maintenance and use of macroeconometric models. As a type, the individual packages are commonly classified as econometric modeling languages. This nomenclature reflects that the command structures used to operate this software are language-like in many of their characteristics, particularly in the case of those commands employed to express a model's relationships, state variable transformations, and perform other essentially mathematical or statistical operations. The focus of this article is both the evolution of language structure, as an expression of the process of creating and using econometric models, and the concomitant increased degree of functional integration that has accompanied it.

DOI: 10.3233/JEM-2004-0228

Journal: Journal of Economic and Social Measurement, vol. 29, no. 1-3, pp. 145-166, 2004