Business education needs a dose of pessimism
Undergraduate business education faces a lot of criticism spanning from lack of practical training to philosophical arguments that management shouldn’t be taught at undergraduate level at all. I cannot change...
Introducing Panel FMOLS/DOLS command for Stata
Last week I was hired to perform a thorough analysis of a panel dataset for export dynamics of different sectors in a country. I had never done panel econometrics before...
Why is econometrics focused on linear models?
Econometrics is a separate discipline from statistics/probability/machine learning for a reason. The primary aim of econometrics and economics in general is interpretability. Economists could easily build very realistic models with...
