Department of Economics and Business Economics

A model of the representative economist, as researcher and policy advisor

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A model of the representative economist, as researcher and policy advisor. / Paldam, Martin.

In: European Journal of Political Economy, Vol. 54, No. 54, 1, 2018, p. 5-15.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

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Paldam, Martin. / A model of the representative economist, as researcher and policy advisor. In: European Journal of Political Economy. 2018 ; Vol. 54, No. 54. pp. 5-15.

Bibtex

@article{6ad18cfae494486db2f6edc786153c97,
title = "A model of the representative economist, as researcher and policy advisor",
abstract = "Econ is the representative academic economist who behaves as predicted by economic theory. The paper considers an important parameter β. It assumes that economic theory predicts the sign on β, and that an empirical literature of M papers exists about β. Two cases are considered: (C1) Econ is in the academic career writing a paper with a new estimate of β. (C2) Econ is advising the Minister who is in charge of a policy using β. Economic theory gives a clear prediction in both cases: The size of β will be exaggerated in (C1) and even more in (C2).",
keywords = "META, Publication bias, Rational economist",
author = "Martin Paldam",
year = "2018",
doi = "10.1016/j.ejpoleco.2018.03.005",
language = "English",
volume = "54",
pages = "5--15",
journal = "European Journal of Political Economy",
issn = "0176-2680",
publisher = "Elsevier BV",
number = "54",

}

RIS

TY - JOUR

T1 - A model of the representative economist, as researcher and policy advisor

AU - Paldam, Martin

PY - 2018

Y1 - 2018

N2 - Econ is the representative academic economist who behaves as predicted by economic theory. The paper considers an important parameter β. It assumes that economic theory predicts the sign on β, and that an empirical literature of M papers exists about β. Two cases are considered: (C1) Econ is in the academic career writing a paper with a new estimate of β. (C2) Econ is advising the Minister who is in charge of a policy using β. Economic theory gives a clear prediction in both cases: The size of β will be exaggerated in (C1) and even more in (C2).

AB - Econ is the representative academic economist who behaves as predicted by economic theory. The paper considers an important parameter β. It assumes that economic theory predicts the sign on β, and that an empirical literature of M papers exists about β. Two cases are considered: (C1) Econ is in the academic career writing a paper with a new estimate of β. (C2) Econ is advising the Minister who is in charge of a policy using β. Economic theory gives a clear prediction in both cases: The size of β will be exaggerated in (C1) and even more in (C2).

KW - META

KW - Publication bias

KW - Rational economist

UR - http://www.scopus.com/inward/record.url?scp=85044855772&partnerID=8YFLogxK

U2 - 10.1016/j.ejpoleco.2018.03.005

DO - 10.1016/j.ejpoleco.2018.03.005

M3 - Journal article

VL - 54

SP - 5

EP - 15

JO - European Journal of Political Economy

JF - European Journal of Political Economy

SN - 0176-2680

IS - 54

M1 - 1

ER -