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Title Book review. Application of econometrics in economics
Authors Urbina, D.A.
ORCID
Keywords рецензія на книгу
книжное обозрение
book review
економетрика
эконометрия
econometrics
економіка
экономика
еconomics
Type Article
Date of Issue 2018
URI http://essuir.sumdu.edu.ua/handle/123456789/72597
Publisher Sumy State University
License
Citation Urbina, D. A. (2018). Book Review. Application of Econometrics in Economics. Financial Markets, Institutions and Risks, 2(1), 114-115.
Abstract According to Karl Popper, one of 20th century’s greatest philosophers of science, “theories are nets cast to catch what we call ´the world´: to rationalize, to explain, and to master it”. And that is right. Scientists and researchers seek to catch reality by mean of theories. In the case of economics, we seek to catch “economic reality”. We have economic theories. In fact, there are several approaches within economic theory (neoclassical economics, behavioral economics, institutionalism, post-Keynesianism, etc.). But we need specific tools and methods in order to evaluate in a rigorous way the connection between our theories and economic reality. In that context, econometrics become a very important aspect of research in economics.
Appears in Collections: Financial Markets, Institutions and Risks (FMIR)

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