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9 th ERES Education Seminar Interdisciplinary research and quantitative techniques

9 th ERES Education Seminar Interdisciplinary research and quantitative techniques Paloma Taltavull de La Paz Universidad de Alicante Bratislava, December 2013. Agenda. Quantitative tools for interdisciplinary education. Don’t forget Qualitative tools Conditions Levels

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9 th ERES Education Seminar Interdisciplinary research and quantitative techniques

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  1. 9th ERES Education Seminar Interdisciplinary research and quantitative techniques Paloma Taltavull de La Paz Universidad de Alicante Bratislava, December 2013

  2. Agenda • Quantitative tools for interdisciplinary education. • Don’t forget Qualitative tools • Conditions • Levels • Education requirements

  3. Conditions • Type of analysis • Data base available • Quality of data • How deep and precise the analysis is • Theoretical framework

  4. Theoretical framework • Crucial to circumscribe the analysis • (see Krugman post in his blog....) • http://krugman.blogs.nytimes.com/2013/11/17/what-to-do-when-youre-wrong/?_r=0 • Other analysis could be spurious or political driven more than academic • Theory determines the variable relationships… giving the key for model definition and testing • Not all theories are fully developed • Opportunity for applied economic analyst to add knowledge

  5. Levels (1) • Quantitative methodology depends on the level of analysis • Econometrics is a very dynamic topic • Aggregate • Time series … VAR framework • Crossection … panel data • Dissagregate analysis: local, spatial • Spatial econometrics

  6. Levels (2) • How deep the analysis is • Descriptive (it is not considered as analysis) • But in new or complex data, description is crucial • Testing hypothesis • Precise estimations: elasticities, forecasting

  7. Education requirements • Applied economic academic is difficult job! • And worst in real estate • Needs to be well prepared and skilled in • theory, • data base management, • testing methods, • econometric methods, • …. And interpretation • Strong education in quantitative techniques • But not all at the same time… depending on the needs • But.. Be updated in econometric techniques

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