The 'Lucas critique': a generalisation
The 'Lucas critique,' a criticism of several econometric methodologies, was criticized as inadequate and presented erroneous resolutions to econometric problems. R.E. Lucas postulated that probabilistic relations in econometrics were inherently unstable, thereby preventing accurate forecasting of economic events. Lucas' proposed solution was, however, directed at the process by which policy makers developed policy formulations instead of practices by econometricians. A transcendental realist approach in economics rejects the position that there is a contradiction between economic forecasting and the capability of men to realize their economic objectives.
Publication Name: Cambridge Journal of Economics
The Global Distribution of Trademarks: Some Stylised Facts
The article examines the distribution of trademarks among nations of different income levels and across various economic sectors, and the extent to which less wealthy countries participate in the global trademark system. Changes to intellectual property protections and their welfare implications are also discussed.
Publication Name: World Economy
Development and Distribution: A Critique of the Cross-Country U Hypothesis
The generally accepted U-curve hypothesis of the relationship of economic growth and income distribution is questioned. Improper statistics and methods weaken the results. Minimal variations remove any observable relationship.
Publication Name: The Journal of Development Economics
- Abstracts: An investigation of the empirical distribution of bond returns. Filled to the Brim with Girlish Glee
- Abstracts: The globalisation and liberalisation of Asian labour markets. What might globalisation's critics believe?
- Abstracts: Applications of generalized method of moments estimation. Consistent estimation of a limiting covariance matrix
- Abstracts: The World's Telephone Companies Try to Maintain Some Standards. Firing on Some Cylinders
- Abstracts: The Legal, Political and Institutional Implications of the Isoglucose Judgements in 1980. Offshoring: political myths and economic reality