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Data Estimation and Interpretation: An Analysis

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  • Meyer, Thomas K.

Abstract

There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a developed nation: the gathering of data is undemanding, however, the explanation for this data is difficult. Such a relationship has a quite pressing effect on economic performance, and this will be examined using a model assuming Rational Expectations, Adaptive Expectations and certain postulates of Price Theory.

Suggested Citation

  • Meyer, Thomas K., 2008. "Data Estimation and Interpretation: An Analysis," MPRA Paper 12118, University Library of Munich, Germany, revised 2008.
    • Handle: RePEc:pra:mprapa:12118
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    File URL: https://mpra.ub.uni-muenchen.de/12118/3/MPRA_paper_12118.pdf
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    References listed on IDEAS

    as
    1. Lars-Hendrik Roller & Leonard Waverman, 2001. "Telecommunications Infrastructure and Economic Development: A Simultaneous Approach," American Economic Review, American Economic Association, vol. 91(4), pages 909-923, September.
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    More about this item

    Keywords

    Economic Data; Price Theory; Rational Expectations; Adaptive Expectations;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General

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