Data Estimation and Interpretation: An Analysis

Thomas Meyer

MPRA Paper from University Library of Munich, Germany

Abstract: There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a developed nation: the gathering of data is undemanding, however, the explanation for this data is difficult. Such a relationship has a quite pressing effect on economic performance, and this will be examined using a model assuming Rational Expectations, Adaptive Expectations and certain postulates of Price Theory.

Keywords: Economic Data; Price Theory; Rational Expectations; Adaptive Expectations (search for similar items in EconPapers)
JEL-codes: B22 C10 C80 D80 (search for similar items in EconPapers)
Date: 2008-12-12, Revised 2008
New Economics Papers: this item is included in nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12118

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