The path of economics research production: Insights into the seesaw between theory and empirics.

This paper provides insights into the apparent seesaw between the generation of theoretical and empirical economics research over time. A dynamic model considers the incentives of researchers to focus on empirical versus theoretical papers. It yields the main characteristics of the path‐changing of...

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Publicado en:American Journal of Economics & Sociology Vol. 83; no. 4; pp. 753 - 773
Autores principales: Faria, João R., Goel, Rajeev K., Manage, Neela D.
Formato: Artículo
Publicado: Wiley-Blackwell Sep2024
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The path of economics research production: Insights into the seesaw between theory and empirics.
      aug:
        au:
          Faria, João R.
          Goel, Rajeev K.
          Manage, Neela D.
        affil:
          Department of Economics, Florida Atlantic University, Boca Raton Florida,, USA
          Illinois State University, Normal Illinois,, USA
          Kiel Institute for the World Economy, Kiel,, Germany
          ISMed/CNR, Napoli, Italy
      su:
        Empirical research
        Economic research
        Research personnel
        Dynamic models
        Equilibrium
      sug:
        subj:
          Empirical research
          Research and Development in the Social Sciences and Humanities
          Economic research
          Research personnel
          Dynamic models
          Equilibrium
      ab: This paper provides insights into the apparent seesaw between the generation of theoretical and empirical economics research over time. A dynamic model considers the incentives of researchers to focus on empirical versus theoretical papers. It yields the main characteristics of the path‐changing of economics research, from theoretical‐intensive to empirical‐focused. The model has two equilibria, one with a higher proportion of theoretical papers and another with a higher proportion of empirical papers. Curiously, the equilibrium with greater theoretical papers is stable, while the one with more empirical papers is a saddle point. This suggests that the current trend of increasing empirical research is unlikely to last.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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