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models in Welfare Economics, General Equilibrium Theory, Information Economics and Game Theory have created the necessity to … integrate the neoclassical theory of free markets and the insti-tutional theory. It argues that while the main goal of economics … capitalism. But they do not happen in a vacuum, institutions are required. It argues that the future of economic theory and …
Persistent link: https://www.econbiz.de/10015214334
This study is the first of a series of studies, collectively embodying a multiphase mixed methods design. The overall objective of these studies is to explore and address a variety of issues and features of the discipline of economics, particularly as they relate to and represent past present...
Persistent link: https://www.econbiz.de/10015220548
From the 1930s, Leontief defended the validity of input-output analysis on the basis of a very specific epistemology: operationalism. Operationalism was not proper to Leontief but it was a common epistemological reference from the 1930s to the 1950s –especially about the status of scientific...
Persistent link: https://www.econbiz.de/10015226651
This paper explains the insights of the Stata's user written command diff for the estimation of Difference in Differences treatment effects (DID). The options and the formulas are detailed for the single DID, Kernel Propensity Score DID, Quantile DID and the balancing properties . An example of...
Persistent link: https://www.econbiz.de/10015235440
Evidence from social psychology suggests that econometricians will avoid evidence that disconfirms their beliefs. Two beliefs of econometricians were examined: (1) Econometric methods provide more accurate short-term forecasts than do other methods; and (2) more complex econometric methods yield...
Persistent link: https://www.econbiz.de/10015257621
In this paper, we review some estimators of count regression (Poisson and negative binomial) models in panel data modeling. These estimators based on the type of the panel data model (the model with fixed or random effects). Moreover, we study and compare the performance of these estimators...
Persistent link: https://www.econbiz.de/10015212304
The present paper puts forward a new hypothesis about the economic circuit, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings...
Persistent link: https://www.econbiz.de/10015270656
This paper studies the sequential sampling scheme as a solution to the problem of aliasing, where the sampling interval is restricted to a minimum allowable value. Sequential sampling is analyzed and it is proved that when the sampling ratio is an integral number, the associated spectral...
Persistent link: https://www.econbiz.de/10015216309
Sample selection problems are pervasive when working with micro economic models and datasets of individuals, households or firms. During the last three decades, there have been very significant developments in this area of econometrics. Different type of models have been proposed and used in...
Persistent link: https://www.econbiz.de/10015217419
This paper analyzes the identification question in censored panel data models, where the censoring can depend on both observable and unobservable variables in arbitrary ways. Under some general conditions, we derive the tightest sets on the parameter of interest. These sets (which can be...
Persistent link: https://www.econbiz.de/10015226603