Structure and Nature of Socio-Economic Data: The Aggregates

Othmar W. Winkler
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Othmar W. Winkler: Georgetown University, The McDonough School of Business

Chapter Chapter 3 in Interpreting Economic and Social Data, 2009, pp 35-49 from Springer

Abstract: Socio-economic phenomena deal not only with a subject-matter aspect but also with a time and a regional-geographic aspect. The real-life-objects, and their corresponding ‘statistical-counting-units’ that portray those phenomena, partake in those three aspects that can be conveniently visualized as the three perpendicular vectors or dimensions of a coordinate system. This means that every aggregate that deals with socio-economic phenomena can be understood as occupying a tri-dimensional space like in a Cartesian coordinate system (Fig. 3.1).

Keywords: Large Aggregate; Statistical Aggregate; Small Aggregate; Conceptual Space; Government Debt (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-68721-4_3

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DOI: 10.1007/978-3-540-68721-4_3

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