Government and Transparency: An Applied Econometric Case for Colombia

In modern times, there has been an integration of the technologies of information and the public sector, which are strictly correlated with the development of open government policies across the world. This is an increasing concern in empirical approximations from the field of Public Economics, in the sense that we can ask several questions regarding …

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Modeling Asset Prices with Geometric Brownian Motion in Python

One landmark theorem in Financial Economics is the Efficient Market Hypothesis (EMH). This theorem posits that in an arbitrage-free market, we can model an asset’s present price as the discounted expected future price: We can take the natural logarithm to show that the natural logarithm of asset prices follows a random walk – the best …

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حاجات اتعلمتها فى الغربة 2

انا كنت كتبتلوا من فتره عن الحاجات اللى اتعلتها فى الغربة وكنت بصراحة بكتب و مش متوقعه ان فيه حد يقرا اللى كتبتبه اصلا, لقيت انه اتقرا كتير و الناس اتخيلت اني كمان كاتبة و مشهورة مع ان دي كانت اول مره اكتب فيها حقيقي المهم انا عجبنى الموضوع لاني حسيت اني ممكن افيد بصورة …

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Threat to validity of regression analysis – Omitted Variables Bias

Most of the readers of this blog would be familiar with ordinary least squares estimator and regression models. Let us talk about one source that can cause these estimates and models to be biased and inconsistent. This is especially important when we think about the causal relationship of interest or the relationship which being studied. …

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The Covid19 Pandemic and Food (In) Security in Pakistan

Pakistan continues to face numerous natural and manmade disasters, including catastrophic floods, earthquakes, droughts, war, and conflicts. The catastrophic wars in 1948, 1965 and 1999, the drought in 2013-15 to floods of 2010 affected almost 20 million people. Likewise, from 2007 onwards, the war on terrorism killed 52,000 civilians and erupted large-scale migration of around …

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