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Mastering ‘Metrics’: The Path from Cause to Effect
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This article is published in Business Economics.The article was published on 2015-10-01. It has received 3 citations till now. The article focuses on the topics: Managerial economics & Business economics.read more
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Introduction [Mastering ’Metrics: The Path from Cause to Effect]
TL;DR: The Mastering 'Metrics as discussed by the authors presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful, including random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences.
Notes on the Historical Approach as a Methodology of Macroeconomics: A Critique to Contemporary Macroeconomics
Abstract: This paper proposes a path for macroeconomic analysis as an alternative to orthodox analysis because the latter cannot successfully describe the reality of an economic society with the following essential features: 1) the structure of the macroeconomy is basically a system open to the outside; 2) variables within the system are frequently affected by factors outside the system; 3) variables are constantly being influenced by newly emerging factors; 4) the subject of analysis is an aggregate rather than individuals; 5) people usually behave by considering the situation and changing their initial plans; 6) interdependency and feedback form the basic structure; and 7) people do not always behave rationally, and they tend to have some bias in their cognition. If economic society presents all these inevitable features, historical analysis as an evolutionary perspective might be an alternative method for economists.
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Compulsory Schooling and the Returns to Education: A Reexamination
Sophie van Huellen,Duo Qin +1 more
TL;DR: The authors re-examine the effect of compulsory school law on education in the US and show that the standard instrumental variable approach of the education variable not only yields empirically inconsistent estimates, but is conceptually confused.
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Mastering 'Metrics: The Path from Cause to Effect
TL;DR: The Mastering 'Metrics as discussed by the authors presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful, including random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences.
Notes on the Historical Approach as a Methodology of Macroeconomics: A Critique to Contemporary Macroeconomics
Abstract: This paper proposes a path for macroeconomic analysis as an alternative to orthodox analysis because the latter cannot successfully describe the reality of an economic society with the following essential features: 1) the structure of the macroeconomy is basically a system open to the outside; 2) variables within the system are frequently affected by factors outside the system; 3) variables are constantly being influenced by newly emerging factors; 4) the subject of analysis is an aggregate rather than individuals; 5) people usually behave by considering the situation and changing their initial plans; 6) interdependency and feedback form the basic structure; and 7) people do not always behave rationally, and they tend to have some bias in their cognition. If economic society presents all these inevitable features, historical analysis as an evolutionary perspective might be an alternative method for economists.
Posted Content
Compulsory Schooling and the Returns to Education: A Reexamination
Sophie van Huellen,Duo Qin +1 more
TL;DR: The authors re-examine the effect of compulsory school law on education in the US and show that the standard instrumental variable approach of the education variable not only yields empirically inconsistent estimates, but is conceptually confused.