Neoclassical Econometrics:
The Agenda*
Richard Bellman has pointed out to me that these papers are part of “a
book which could have been written 30 years ago” (personal
communication, December 3, 1982). In this section I shall attempt to
indicate why this is the case and, also, why this did not occur. In addition,
since present circumstances beyond my control require the release of these
“as is” (rather than waiting for completion of a “real world” example-originally
intended as the development of econometric models of the
supply of perennial crops: a case study of the Sri Lankan rubber industry), I
shall indicate now the topics I propose to treat in subsequent parts. Here,
“economies of scale” and the magnitude of the tasks suggest that
collaborative efforts will serve a larger purpose. Accordingly, the remaining
papers will be jointly authored to reflect the inputs of my various
collaborators-at this juncture involving, inter alia, Professors Richard
Bellman, Lawrence Klein, Richard Quandt, and certain of my colleagues in
the World Bank.