Performing a parallel pre-trend test in universal absorbing treatments in R

Introduction In a recent paper from the Journal of Research, Innovation and Technologies published last year, there was a significant discussion (Riveros Gavilanes, 2023) about how control variables might be related to the fulfillment of parallel trends in event study (or dynamic differences-in-differences) of panel data. In this article, we will replicate such paper and …

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How to learn Macroeconomic CGE Modeling?

What is CGE Modeling? Computable General Equilibrium (CGE) modeling is a type of economic modeling used to study the impacts of economic policies and shocks on the economy as a whole. The goal of CGE modeling is to provide a comprehensive and consistent representation of the interactions among different sectors and agents within an economy. …

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CBDC Projects in Full Swing Globally

A blog post by Ryan Jacildo Central bank digital currencies, or CBDCs, are currently one of the topics de jour within circles of monetary authorities and financial market regulators. CBDCs are essentially digital banknotes that can be used by individuals to pay businesses, shops, or each other (i.e., retail CBDC), or between financial institutions to …

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Is Welfare affected more by inequality than economic growth?

Whether if welfare is affected by inequality or growth is one of the “hot” topics in economics. It is stated from economic theory that Welfare can be affected in two potential ways by these situations. A positive effect over Welfare from economic growth, and a negative effect of Welfare by increases in inequality. Some new …

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M&S Research hub announces for the “Economic Posting Contest”

M&S Research hub announces for the “Economic Posting Contest” Authors of the 2 winning posts will receive 100 USD and 50 USD respectively, besides public exposure of their blog/profiles and publicizing their work over wide academic and social networks. We invite students, researchers, public officials, junior and senior academicians to submit their work to John …

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Endogenous co-regressor… Not what you think!

In classic econometrics textbooks and classes, we often associate endogeneity to the correlation or relationship with the error term from a regressor. This is correct and fully agreed upon across authors and professors. But there’s some kind of new endogenous behavior that may not be correlated with the error/residual only, and it may be a …

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