SPECIAL ISSUE OF ECONOMETRIC THEORY ON SETA 2010: EDITORS’ INTRODUCTION

Abstract

One of the original goals of the journal Econometric Theory was to provide a leading research outlet for innovative theoretical developments in econometrics. With strong support of the econometrics community, that objective was soon realized. In the 30 years that have elapsed since the establishment of ET, there have been many changes in the world of econometrics. Over the last decade, growth in computer capability, software sophistication, and the availability of electronic data have changed the conduct of econometric work. Econometrics as a discipline has evolved in a way that brings theory and practice much closer together, a natural progression that has broadened the scope of the Journal and its content. ET’s widened coverage of econometric theory and practice encourages theoretical papers with empirical illustrations, numerical simulations, and matters of practical implementation. These enhancements help to provide readers with a template for practical work with the methodological innovations that are introduced in the journal, making good econometric theory the handmaiden to good econometric practice. These emergent themes of ET marry well with those of the recently formed Symposium of Econometric Theory and Applications (SETA). Over the short period of its existence, this conference series has become a widely welcomed and well attended econometric activity for participants throughout the Asia-Pacific region. SETA has been particularly influential in attracting leading econometricians from within the region, from North America, and from Europe as keynote speakers. The conferences are unashamedly econometric and highly collegial, with much interaction among the participants. The conference dinners are already legendary in their venues, cuisine, speeches, and award presentations. The 2010 meeting of SETA was held in Singapore over April 30–May 2, hosted by Singapore Management University (SMU), and organized by the Centre for