General economics

I often see the students and faculty writing their papers and thesis on the topics like ‘Impact of ABC on economic growth’; with a trivial conclusion that ‘ABC is having impact on growth therefore we should focus on improving ABC’. In fact there are number of problems with this kind of research which make it […]

The mainstream monetary economics is filled with contradictions, logical inconsistencies, missed and messed normative implications and data inconsistencies. There exist heterodox theories having better match with historical data, but the theories are often undermined and ignored. It is in fact difficult to find something logical and valid in classical monetary economics. Despite a clear empirical

In my the previous blogs, [1] [2] I have explained that following the General Specific Methodology, one can choose between theoretical models to find out a model which is compatible with data. Here is an example which shows step by step procedure of the general to simple methodology. At the end of this blog, you

Listening to the word ARDL, the first things that comes into mind is the bound testing approach introduced by Pesaran and Shin (1999).The Pesaran and Shin’s approach is an incredible use of the ARDL, however, the term ARDL is much elder, and the ARDL model has many other uses as well. In fact, the equation

Consider a hypothetical question, a researcher was given with a research question; compare the mathematical ability of male and female students of grade 5. The researcher collected data of 300 female students and 300 male students of grade 5 and administered a test of mathematical questions. The average score for female students was 80% and