POSSIBILITIES OF QUANTITATIVE STUDY OF SOME QUALITATIVE PROCESSES IN ECONOMY

Cristina Coculescu () and Aura-Marilena Din
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Cristina Coculescu: Romanian-American University
Aura-Marilena Din: Romanian-American University

Romanian Economic Business Review, 2014, vol. 9, issue 4, 7-18

Abstract: Qualitative variables have a big importance in economy, being associated to a big number of economic processes and phenomena. In economic-mathematic modeling process, the main problem which needs to be solved is to express numerically the level of such variables, especially if their importance is big, or if qualitative effects worth to be considered. Measuring of qualitative variables give the chance of input them in quantitative kind models that would help mostly to reduce the degree of indetermination and therefore, to a fuller explanation of the evolution of economic phenomena. In this work, we’ll refer to the opportunities to measure qualitative variables encountered till nowadays in dedicated literature, giving examples for several cases through processes and phenomena frequently encountered in economic practice

Keywords: qualitative variables; quantitative modeling; economic processes (search for similar items in EconPapers)
Date: 2014
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