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Fifty years since Koyck (1954)*
Authors:Philip Hans Franses
Affiliation:Econometric Institute, Erasmus University Rotterdam, P.O. Box 1738, NL-3000 DR, Rotterdam, The Netherlands

franses@few.eur.nl

Abstract:
This paper shows that Koyck (1954)’s PhD thesis amounts to one of the very important innovations in econometrics. The model and the associated transformation are still used in classrooms and in academic articles. His book is one of the most often cited econometrics publications of the 1950s, and still receives its share of citations. It remains a source of inspiration for present‐day researchers. To sum up, it amounts to one of the most influential Dutch publications on econometrics.
Keywords:Koyck model  sales–  advertising relationship
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