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Methods of Economic Research - Craftsmanship and Credibility in Applied Microeconomics (Hardcover, 1st ed. 2018)
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Methods of Economic Research - Craftsmanship and Credibility in Applied Microeconomics (Hardcover, 1st ed. 2018)
Series: Springer Texts in Business and Economics
Expected to ship within 12 - 17 working days
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This textbook articulates the elements of good craftsmanship in
applied microeconomic research and demonstrates its effectiveness
with multiple examples from economic literature. Empirical economic
research is a combination of several elements: theory, econometric
modelling, institutional analysis, data handling, estimation,
inference, and interpretation. A large body of work demonstrates
how to do many of these things correctly, but to date, there is no
central resource available which articulates the essential
principles involved and ties them together. In showing how these
research elements can be best blended to maximize the credibility
and impact of the findings that result, this book presents a basic
framework for thinking about craftsmanship. This framework lays out
the proper context within which the researcher should view the
analysis, involving institutional factors, complementary policy
instruments, and competing hypotheses that can influence or explain
the phenomena being studied. It also emphasizes the
interconnectedness of theory, econometric modeling, data,
estimation, inference, and interpretation, arguing that good
craftsmanship requires strong links between each. Once the
framework has been set, the book devotes a chapter to each element
of the analysis, providing robust instruction for each case.
Assuming a working knowledge of econometrics, this text is aimed at
graduate students and early-career academic researchers as well as
empirical economists looking to improve their technique.
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