WHERE IS THE ECONOMICS IN SPATIAL ECONOMETRICS?*

Advances in Economics and Econometrics

This is the third of three volumes containing edited versions of papers and a commentary presented at invited symposium sessions of the Ninth World Congress of the Econometric Society, held in London in August 2005. The papers summarize and interpret key developments, and they discuss future directions for a wide variety of topics in economics and econometrics. The papers cover both theory and ...

Causality in Economics and Econometrics

Mainstream Economics : Searching Where the Light is

A striking feature of today’s economics discipline is the amount of methodological consensus. This is very exceptional for a social science. Take any introductory textbook to sociology, history, international relations theory,... and different approaches to the discipline will be developed alongside each other. It earns them names such as ‘pre-paradigmatic science’, the idea being that scholars...

Coronavirus: Where Has All the Health Economics Gone?

As the coronavirus disease 2019 (COVID-19) pandemic continues to unfold there is an untold number of trade-offs being made in every country around the globe. The experience in the United Kingdom and Canada to date has not seen much uptake of health economics methods. We provide some thoughts on how this could take place, specifically in three areas. Firstly, this can involve understanding the i...

The Lorenz curve in economics and econometrics

This paper surveys selected applications of the Lorenz curve and related stochastic orders in economics and econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income distributions in terms of families of inequality measures, Lorenz ordering of multiparameter distributions in terms of their parameters, probability inequalities for di...