How to do Research in Economics

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How to do Research in Economics

• Econ 403
• International Economic Development
• Prof. Carlos Benito

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Research ProcessTesting a Hypothesis
narrowing down
?
Question
Review Literature
Look for Data
Choose Conceptual Framework
Adopt a Methodology
Write Report
Process Data
Interpret Results
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Research ProcessInference
narrowing down
?
Question
Review Literature
Look for Data
Develop Conceptual Framework
Adopt a Methodology
Write Report
Process Data
Interpret Results
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Learning Perspectives

• Relating theory with observations
• Deduction
• From the general to the particular
• From theory to observations
• Induction
• From the particular to the general
• From observations to a theory
• Applications
• Testing Hypothesis
• Making Inferences

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Hypothesis Testing
Let me look at the data ...
How do you know?
What about the facts?
Savings are a source of growth
It is logical ...
Hypothesis
D
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Making Inferences
there is an inverse relation!
look at the trees ...
look at logging plants...
it is logic!
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Integrating
Sabrina? I have a thought
We need each other
My intuition tells me the same
What thought, Plato?
But we should keep our individualities
D
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Applications

• Research Example
• Presenting Research Question
• http//www.sonoma.edu/users/b/benito/econ403/outli
  ne.htm