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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Bibliography
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Kloek, T. (2018). Theil, Henri (1924–2000). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2775
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2775
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