Error In Economics
DOWNLOAD
Download Error In Economics PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Error In Economics book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Error In Economics
DOWNLOAD
Author : Julian Reiss
language : en
Publisher: Routledge
Release Date : 2016-02-04
Error In Economics written by Julian Reiss and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-04 with Business & Economics categories.
What is the correct concept behind measures of inflation? Does money cause business activity or is it the other way around? Shall we stimulate growth by raising aggregate demand or rather by lowering taxes and thereby providing incentives to produce? Policy-relevant questions such as these are of immediate and obvious importance to the welfare of societies. The standard approach in dealing with them is to build a model, based on economic theory, answer the question for the model world and then apply the results to economic phenomena outside. Data come in, if at all, only in testing a limited number of the model's consequences. Despite some critical voices, economic methodology too has by and large subscribed to a "theory first" approach to applied economics. Error in Economics systematically develops an alternative to the theory-based orthodoxy. It places the methodical study of evidence at the centre of the scientific enterprise and thus provides a foundation for a methodology of evidence-based economics. But the book does not stop at the truism that claims should be based on the best available evidence. Rather, detailed studies in the areas of measurement, causal inference and policy analysis show what it means for a claim to be evidence-based in the context of a concrete case. The examples discussed concern topics as diverse as consumer price indices, radio spectrum auctions, the transmission mechanism, natural experiments on minimum wages and the evaluation of counterfactuals for policy. Error in Economics is essential reading for economic methodologists, philosophers of science and anyone interested in how claims about socio-economic matters are validated.
Special Issue Exploring The Error In Experimental Economics
DOWNLOAD
Author : Nicholas Bardsley
language : en
Publisher:
Release Date : 2005
Special Issue Exploring The Error In Experimental Economics written by Nicholas Bardsley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Measurement Error In Macroeconomic Data And Economics Research
DOWNLOAD
Author : Andrew C. Chang
language : en
Publisher:
Release Date : 2018
Measurement Error In Macroeconomic Data And Economics Research written by Andrew C. Chang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
We use a preanalysis plan to analyze the effect of measurement error on economics research using the fact that the Bureau of Economic Analysis both revises its gross domestic product (GDP) data and also publishes a second, theoretically identical estimate of U.S. output that only differs from GDP due to measurement error: gross domestic income (GDI). Using a sample of 23 models published in top economics journals, we find that reestimating models using revised GDP always gives the same qualitative result as the original publication. Estimating models using GDI instead of GDP gives a different qualitative result for three of 23 models (13%).
The Cult Of Statistical Significance
DOWNLOAD
Author : Steve Ziliak
language : en
Publisher: University of Michigan Press
Release Date : 2008-02-19
The Cult Of Statistical Significance written by Steve Ziliak and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-02-19 with Business & Economics categories.
The Cult of Statistical Significance shows, field by field, how "statistical significance," a technique that dominates many sciences, has been a huge mistake. The authors find that researchers in a broad spectrum of fields, from agronomy to zoology, employ testing that doesn't "test" and estimating that doesn't "estimate". The facts will startle the outside reader: how could a group of brilliant scientists wander so far from scientific magnitudes? This study will encourage scientists who want to know how to get the statistical sciences back on track and fulfill their quantitative promise. The book shows for the first time how wide the disaster is, and how bad for science, and it traces the problem to its historical, sociological, and philosophical roots.
The Economics Of Entrepeneurial Error
DOWNLOAD
Author : Gilberto Gama Salgado
language : en
Publisher:
Release Date : 1999
The Economics Of Entrepeneurial Error written by Gilberto Gama Salgado and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Common Mistakes In Economics By The Public Students Economists And Nobel Laureates
DOWNLOAD
Author : Yew-Kwang Ng
language : en
Publisher:
Release Date : 2011
Common Mistakes In Economics By The Public Students Economists And Nobel Laureates written by Yew-Kwang Ng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with BUSINESS & ECONOMICS categories.
Specification Error In The Translog Demand System
DOWNLOAD
Author : Christopher J. Nicol
language : en
Publisher: Regina : Department of Economics, University of Regina
Release Date : 1987
Specification Error In The Translog Demand System written by Christopher J. Nicol and has been published by Regina : Department of Economics, University of Regina this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
Information Measurement And Prediction In Economics
DOWNLOAD
Author : Victor Zarnowitz
language : en
Publisher:
Release Date : 1979
Information Measurement And Prediction In Economics written by Victor Zarnowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business cycles categories.
This paper examines the flow of production and use of economic information and analyzes the effects of measurement errors, particularly as transmitted through expectations and forecasts. Economic data are subject to a variety of errors, and the uncertainty about economic measures tends to increase further with the amount and complexity of the processing per-formed on the underlying data as well as with the distance between the user and the processor. With some exceptions, economic time series lag significantly behind their reference periods and many undergo large revisions. The effective information lag includes not only the time required for incremental data to be produced and transmitted but also the time required for the signals to be extracted by the user. This lag is substantial for many important series. In general, there is no presumption that the measurement errors are random: Systematic errors are frequent and their sources and forms vary so much that they may be difficult to detect. In times of strong shocks and surprising developments (such as occurred earlier in this decade), measurement of short-term changes in the economy is particularly difficult and current signals are apt to be often misinterpreted. This can result in broadly diffused decision errors which in time are discovered, leading to sharp corrective reactions. Aggregative predictions from well known and influential sources show certain common patterns of error, which suggests that forecasters react similarly to the observed events and unanticipated shocks. Fore-casts of GNP and related variables are adversely affected by errors in both the preliminary data and the base level estimates. There is some support here for the hypothesis that information lags play a significant role ingenerating business cycles, but it is important to note that the errors involved in predicting the future are typically much larger than the errors involved in estimating the present or recent past
Empirical Macroeconomics And Statistical Uncertainty
DOWNLOAD
Author : Mateusz Pipień
language : en
Publisher: Routledge
Release Date : 2020-08-06
Empirical Macroeconomics And Statistical Uncertainty written by Mateusz Pipień and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-06 with Business & Economics categories.
This book addresses one of the most important research activities in empirical macroeconomics. It provides a course of advanced but intuitive methods and tools enabling the spatial and temporal disaggregation of basic macroeconomic variables and the assessment of the statistical uncertainty of the outcomes of disaggregation. The empirical analysis focuses mainly on GDP and its growth in the context of Poland. However, all of the methods discussed can be easily applied to other countries. The approach used in the book views spatial and temporal disaggregation as a special case of the estimation of missing observations (a topic on missing data analysis). The book presents an econometric course of models of Seemingly Unrelated Regression Equations (SURE). The main advantage of using the SURE specification is to tackle the presented research problem so that it allows for the heterogeneity of the parameters describing relations between macroeconomic indicators. The book contains model specification, as well as descriptions of stochastic assumptions and resulting procedures of estimation and testing. The method also addresses uncertainty in the estimates produced. All of the necessary tests and assumptions are presented in detail. The results are designed to serve as a source of invaluable information making regional analyses more convenient and – more importantly – comparable. It will create a solid basis for making conclusions and recommendations concerning regional economic policy in Poland, particularly regarding the assessment of the economic situation. This is essential reading for academics, researchers, and economists with regional analysis as their field of expertise, as well as central bankers and policymakers.
An Introduction To Quantitative Economics
DOWNLOAD
Author : Brian Haines
language : en
Publisher: Routledge
Release Date : 2018-04-09
An Introduction To Quantitative Economics written by Brian Haines and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-09 with Business & Economics categories.
Originally published in 1978. This book is designed to enable students on main courses in economics to comprehend literature which employs econometric techniques as a method of analysis, to use econometric techniques themselves to test hypotheses about economic relationships and to understand some of the difficulties involved in interpreting results. While the book is mainly aimed at second-year undergraduates undertaking courses in applied economics, its scope is sufficiently wide to take in students at postgraduate level who have no background in econometrics - it integrates fully the mathematical and statistical techniques used in econometrics with micro- and macroeconomic case studies.
