The 'Lucas critique': a generalisation

Article Abstract:

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.

Research, Practice, Econometrics, Beliefs, opinions and attitudes, Economists

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The Global Distribution of Trademarks: Some Stylised Facts

Article Abstract:

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.

Public affairs, Social aspects, Economic aspects, Trademark (International law)

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Development and Distribution: A Critique of the Cross-Country U Hypothesis

Article Abstract:

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.

Testing, Criticism and interpretation, Hypothesis, Hypothesis (Logic)

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