Next-Generation of Empirical Research in Economics

• Autore: Otsuka Keijiro
• Pubblicazione: Singapore : , : Springer, , 2024; ©2024
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (250 pages)
• Altri autori: KurosakiTakashi SawadaYasuyuki SonobeTetsushi
• Nota di contenuto: Intro -- Contents -- Editors and Contributors -- 1 Introduction -- 1.1 Introduction -- 1.2 The Structure of This Book -- 1.3 Characteristics of This Book -- References -- Part I The Meaning and Significance of the Credibility Revolution in Empirical Economics -- 2 Intergenerational Transformation of Empirical Research in Economics -- 2.1 Introduction -- 2.2 Microeconometrics as the First Generation -- 2.2.1 Traditional Microeconometrics -- 2.2.2 Field Surveys and Collection of Panel Data -- 2.3 Limitations of the First Generation -- 2.4 Social Experiments as the Second Generation -- 2.5 Problems of "Reproducibility," "Practicability," and "Stakeholder Exclusion" Faced by the Second Generation -- 2.5.1 Problems with Reproducibility -- 2.5.2 Limitations of Practicability -- 2.5.3 The Problem of Excluding Stakeholders -- 2.6 Whither the Third Generation? -- 2.6.1 The Evolution of Hybrid Data and the Move Towards 'Open' Research -- 2.6.2 Strengthening Collaboration Between Industry, Government, Academia, and Civil Society -- 2.7 Conclusion -- 2.8 Comment: Contemplating the "Third Generation" of Empirical Economics Research -- 2.8.1 Introduction -- 2.8.2 Identity Crisis of Economics? -- 2.8.3 Can the "Exclusion of Stakeholders" Be Resolved? -- 2.8.4 Concerns Regarding the Formalization of Institutions and the "Progress" of Economic Research -- 2.8.5 What Is the Role of Economists in Industry-Government-Academia-Civil Society Collaboration? -- 2.8.6 Conclusion -- 2.9 Reply: Aiming to Contribute to Empirical Economics as a Third-Generation Stakeholder -- References -- 3 Implementing Empirical Economics into Policymaking -- 3.1 Introduction -- 3.2 Policy-Based Evidence -- 3.2.1 EBPM and Policy Makers -- 3.2.2 Social Benefits and Costs of Policy-Based Evidence -- 3.3 Role Sharing of Industry, Government, Academia, and Civil Society. ; 3.3.1 Attempts to Bridge the Gap -- 3.3.2 Two Examples of Collaboration -- 3.4 The Role of Universities and Think Tanks -- 3.4.1 The Role of Universities -- 3.4.2 The Role of Policy Think Tanks -- 3.5 Conclusion -- 3.6 Comment: Towards the Social Implementation of Economics: Recent Research Trends and Remaining Challenges -- 3.6.1 Introduction -- 3.6.2 Information Gathering for Policy Formulation -- 3.6.3 Coordination of Conflicting Interests and Planning for Policy Formulation -- 3.6.4 Policy Implementation and Modification -- 3.6.5 Policy Evaluation -- 3.6.6 Conclusion: Indispensable Attitudes of Researchers for Applying Evidence to Policy -- 3.7 Reply: Process of Decision-Making by Policymakers and Ingenuity Required for Researchers -- References -- 4 Challenges in Empirical Research in Economics: The Way Forward -- 4.1 Introduction -- 4.2 Recent Trends in Economics Journals -- 4.3 Comparison of RCTs and NEs -- 4.4 Reconsidering the Evidence Pyramid -- 4.5 Learning from Pioneering Studies -- 4.6 Conclusion -- 4.7 Comment: How Can the Authors Guide the "Field Reality" Jungle? -- 4.7.1 Introduction -- 4.7.2 About "Field Reality" -- 4.7.3 Empirical Papers Without Causal Inference -- 4.7.4 Challenges and Overcoming Them -- 4.7.5 Conclusion -- 4.8 Reply: The Nature of the "Field Reality" Jungle -- References -- Part II Empirical Problems in Each Field of Economics -- 5 The Next Generation of Empirical Labor Economics -- 5.1 Introduction -- 5.2 Identification Strategy -- 5.3 Data -- 5.4 Research Themes -- 5.5 Conclusion -- 5.6 Comment: Toward the Next Generation of Labor Economics Research -- 5.6.1 Introduction -- 5.6.2 Economic Experiments -- 5.6.3 Toward the Use of High-Quality Data -- 5.6.4 Conclusion -- 5.7 Reply: What is Needed to Advance the Next Generation of Empirical Labor Economics -- References. ; 6 Past and Future of Empirical Development Economics -- 6.1 Introduction: Trends in Development Economics up to 2010 -- 6.1.1 Eve of the Randomized Controlled Trial (RCT) Revolution -- 6.1.2 RCT Revolution -- 6.2 Evolution of Empirical Analysis Methods and Research Progress -- 6.2.1 Impact Evaluation 2.0 and Interest in External Validity -- 6.2.2 Estimation of Economic Models -- 6.2.3 From Small Questions to Big Questions: The Rise of Development Macroeconomic, -- 6.2.4 At-Scale and Long-Term RCTs -- 6.2.5 Data Revolution -- 6.3 Challenges and Future Perspectives -- 6.3.1 Neglect of Local Context -- 6.3.2 Challenges with the Scaling-Up and Long-Term RCT Implementation -- 6.3.3 Future Prospects -- 6.4 Conclusion -- 6.5 Comment: Development Economics as Policy Science: Challenges and Future Vision -- 6.5.1 Introduction -- 6.5.2 Replicability of Randomized Controlled Trials and Meta-analyses -- 6.5.3 Conclusion: Future Vision of Development Economics -- 6.6 Reply: Toward a Broad Policy Formation: Using Empirical Research Results in Development Economics -- References -- 7 Empirical Analysis in the Economics of International Trade: Recent Progress and Challenges -- 7.1 Introduction -- 7.2 Use of Observational Data -- 7.2.1 Difference in Differences (DID) -- 7.2.2 Instrumental Variable Method -- 7.3 Natural Experiments -- 7.4 Randomized Controlled Trials -- 7.5 Simulation -- 7.6 Conclusion -- 7.7 Comment: The Present and Future of DID Analysis and Gravity Equations in the Field of International Trade -- 7.7.1 Introduction -- 7.7.2 DID Analysis -- 7.7.3 Gravity Equation -- 7.7.4 Conclusion -- 7.8 Reply: Remarks on Difference in Differences (DID) Estimations -- References -- 8 From Behavioral Economics to Behavioral Science: A Message from the "New Humans" to the "Modern Humans" -- 8.1 Introduction. ; 8.2 Discrepancy Between Scientific Evidence and Public Interest -- 8.3 The Pros and Cons of Removing "Economics" from "Behavioral Economics" -- 8.4 The Dilemma of Rigorous Analysis -- 8.5 Problems of Neglecting Reason in Data-Driven Analysis -- 8.6 The Significance and Problems of Paper Ranking by the Peer Review System -- 8.7 Conclusion -- 8.8 Comment: Expectations and Criticisms of Behavioral Economics -- 8.8.1 Introduction -- 8.8.2 Why is Behavioral Economics Criticized? -- 8.8.3 Conclusion: Academic Contributions from Policy Research -- 8.9 Reply: Behavioral Economists as Players -- References -- 9 "Swallowed" Economic History: The Significance of Economic History Research in Economics -- 9.1 Introduction -- 9.2 Global Trends and Characteristics of Economic History Research: Comparing Recent Trends in the Three Major Journals -- 9.2.1 Economics and Economic History or Economic History of Economics? -- 9.2.2 Comparing the Three Major Journals: Analytical Method, Region, and Period -- 9.2.3 Comparison of the Three Major Journals: What and with Whom? -- 9.3 Is Economic History Swallowed up by Economics? -- 9.3.1 Will Economic History 'Merge' into Historical Economics? -- 9.3.2 Economic History Research in Japan and Global Trends -- 9.3.3 Learning from Research on Japanese Economic History Overseas -- 9.4 Conclusion: Future Prospects -- 9.5 Economic History and Empirical Economics: From Unfriendly Neighborhood Relations to Companionship -- 9.5.1 Introduction -- 9.5.2 Integration into Economics and Quantification -- 9.5.3 Overseas Research on Japanese Economic History -- 9.5.4 What Is the Ultimate Goal of Historical Research? -- 9.5.5. Conclusion -- 9.6 Reply: What Is Needed for Companionship? What Is Necessary for an Independent "Friendly" Neighborhood? -- References. ; 10 Difficulties in Conducting Empirical Research in Macroeconomics: Evaluating Policies for Economic Growth -- 10.1 Introduction -- 10.2 Meaning of Analyzing Economic Development at the Macro Level -- 10.2.1 Externality -- 10.2.2 General Equilibrium -- 10.2.3 Need for Justification of Policies by General Equilibrium Theory -- 10.3 Incorporating Dynamics -- 10.3.1 Business Cycle and Economic Growth -- 10.3.2 Economic Crisis and Economic Growth -- 10.3.3 Challenges of Empirical Research Brought About by Different Economic Growth Theory Models -- 10.3.4 Institutions and Growth -- 10.3.5 Discrepancy Between GDP and Social Welfare -- 10.4 Understanding the Stochastic Nature of the World -- 10.5 Conclusion -- 10.6 Comment: The Gap Between Demand for and Supply of Empirical Macroeconomic Research -- 10.6.1 Introduction: Chapter Summary and Overview of My Comments -- 10.6.2 Empirical Research on Business Cycles -- 10.6.3 Empirical Research on Economic Growth -- 10.6.4 Conclusion -- 10.7 Reply: Research in Macroeconomics and Real-World Problems -- References -- 11 Conclusion -- 11.1 Introduction -- 11.2 Diversity of Fields and the Credibility Revolution -- 11.3 Importance of Understanding the Real World -- 11.4 Importance of Diverse Collaboration -- 11.5 Next-Generation of Empirical Economics -- References -- Afterword -- Author Index -- Subject Index.
• Titolo autorizzato: Next-Generation of Empirical Research in Economics
• ISBN: 981-9718-87-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910865242603321
• Lo trovi qui: Univ. Federico II