The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Theil, Henri (1924–2000)

  • Teun Kloek
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2775

Abstract

Henri Theil was a highly prolific writer of books and articles in the fields of econometric methods and applied econometrics. His best-known methodological contributions include the method of two-stage least squares, inequality coefficients (for evaluation of forecasting errors), and two measures for income inequality. Most of his other methodological contributions can be found in his Principles of Econometrics (1971). His best-known applied work is on economic forecasting, income inequality, applied demand analysis, and consumption patterns.

Keywords

Consumer demand systems Cowles Commission Distribution-free statistics Econometric equation systems Estimation Florida model Forecasting Gricliches, Z. Income inequality Inequality coefficient Information theory Kendall–Theil estimator Limited information maximum likelihood method Monte Carlo studies Outliers Rational random behaviour Rotterdam model demand system Siegel, A. Simultaneous equations Stabilization policy Statistical decomposition analysis Theil, H. Theil–Sen estimator Three-stage least squares Two-stage least squares 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Teun Kloek
    • 1
  1. 1.