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The value of econometrics to economists in business and government: a study of the state of the discipline

机译：计量经济学对商业和政府经济学家的价值：对学科状态的研究

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This paper is the first ever in-depth study of the econometric practice ofquantitative economists outside academia. It goes further, to examine empirically theoften-heard proposition that academic and nonacademic economists nowadays seem toanalyse the same applied quantitative problems in markedly separate ways. Nine indicatorsof separation between the approaches of ‘town’ and ‘gown’ economists are developed.The study rests on detailed interviews with 50 nonacademic economists drawnwidely from a single area of professional activity: the Australian housing sector. Theseeconomists' use of econometric methods, and their views on the value of these methods,are documented and compared with the academic approach to applied econometric work,as reported in the scholarly literature. The evidence on the nine indicators supports theexistence of a state of separation. The paper points to some undesirable consequences ofseparation and concludes with practical ideas on what should be done about it. Thereare lessons in the findings of this study for the future of other quantitative disciplinesthat are widely practised in government, business and industry.
机译：本文是对学术界以外的定量经济学家的计量经济学实践的首次深入研究。进一步地，以经验的方式检验当今学术界和非学术界的经济学家似乎以明显不同的方式分析相同的应用定量问题的常识性命题。制定了“城镇”和“礼服”经济学家方法之间分离的九个指标。该研究基于对50个非学术经济学家的详细访谈，这些经济学家广泛地来自一个专业活动领域：澳大利亚住房部门。经济学家对计量经济学方法的使用及其对这些方法的价值的看法已得到记录，并与学术文献中报道的应用计量经济学工作的学术方法进行了比较。九项指标的证据支持分离状态的存在。本文指出了分离带来的一些不良后果，并以实用的思路总结了应采取的措施。该研究的发现为未来在政府，企业和行业中广泛应用的其他定量学科提供了教训。

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