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The Journal of Economic Literature classification codes associate political economy with three sub-areas: (1) the role of government and/or class and power relationships in resource allocation for each type of economic system; (2) international political economy, which studies the economic impacts of international relations; and (3) economic ...
The main focus is on modeling the emergence and persistence of inefficient institutions, meaning institutions that do not maximize the growth potential of a society. The purpose of the paper is not to provide a survey but to construct a relatively simple unified model that illustrates both various issues already raised in the existing ...
The exchange rate disconnect puzzle: The exchange rate disconnect puzzle, also one of the so-called real exchange rate puzzles, concerns the weak short-term feedback link between exchange rates and the rest of the economy. In most economies, the exchange rate is the most important relative price, so it is surprising, and thus far unexplained ...
James Joseph Heckman (born April 19, 1944) is an American economist and Nobel laureate who serves as the Henry Schultz Distinguished Service Professor in Economics at the University of Chicago, where he is also a professor at the College, a professor at the Harris School of Public Policy, Director of the Center for the Economics of Human Development (CEHD), and Co-Director of Human Capital and ...
Econometrics uses economic theory, mathematics, and statistical inference to quantify economic phenomena. In other words, it turns theoretical economic models into useful tools for economic policymaking. The objective of econometrics is to convert qualitative statements (such as “the relationship between two or more variables is positive ...
The Journal of Media Economics is a peer-reviewed academic journal covering all aspects of media economics published by Routledge . The current editors-in-chief are Michel Clement (Marketing & Media, Hamburg Business School, University of Hamburg) and Jan. U. Becker ( Kühne Logistics University, Hamburg). The Journal of Media Economics has ...
The Center for Operations Research and Econometrics (CORE) is an interdisciplinary research institute of the University of Louvain (UCLouvain) located in Louvain-la-Neuve, Belgium. Since 2010, it is part of the Louvain Institute of Data Analysis and Modeling in economics and statistics (LIDAM), along with the Institute for Economic and Social ...
