Theoretical and Applied Economics
No. 2 / 2017 (611), Summer
Science is measurement, yet not all sciences can be evaluated using the same measurement
The Bucharest University of Economic Studies, Romania
Abstract. The purpose of this paper is to investigate if in Economics may take place the same type of “Darwinian Competition” that occurs in Natural Sciences and through which theories are permanently removed. Starting from how measurement, tool development and the establishment of the experiment as a research method, led to significant progress in natural science we demonstrate that the same assumptions for reducing the complexity of reality and the ontological universalism hypothesis cannot be used in Economics. The consequence of not being able to use the same methodological tools is that economics has to be content with the use of statistical laws, which merely allow the prediction of “empirical regularities” in comparison with the precision of natural sciences laws.
Contents
The role of fiscal policy in the financial crisis. Challenges and solutions
Using the input-output model in macroeconomic analysis and forecasting studies
Panel causality analysis between exchange rates and stock indexes for fragile five
Modeling of stock indices with HMM-SV models
The impact of private sector credit on income inequalities in European Union (15 member states)
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis
The main correlations between the monetary-banking indicators
Impact of governance on budget deficit in developing countries
Private equity market developments in central and Eastern Europe
Public-Private Partnerships for clean energy investment in developing and emerging economies: Allocating risks and sharing rewards
Science is measurement, yet not all sciences can be evaluated using the same measurement
The effects of real exchange rates and income on the trade balance: A second generation panel data analysis for transition economies and Turkey
Child policy changes and estimation of income distribution effects
An enquiry into the dynamics of real oil prices: A state space approach
Wage inequalities in Romania under successive adjustments in minimum wage levels
An examination of bilateral J-curve: Evidence from Turkey and her 20 major trading partners
Do military expenditures converge in NATO countries? Linear and nonlinear unit root test evidence
Impact of GDP and tax revenue on health care financing: An empirical investigation from Indian states
The relation between foreign direct investments and some economic indicators. The case of Romanian economy
Economic freedom and foreign direct investment in South Asian countries
New software for identification and evaluation of environmental and waste management in the companies
An analysis of the effect of monetary policy changes on macroeconomic factors
The costs of Brexit for UK economy