The Empirical Revolution in Economics
This article proposes an explanation to the empirical revolution in economics. It argues that the search for natural and quasi-natural experiments, wherever they were available, looking for more credible identification methods, led to the creation and application of new econometric tools and to thei...
| Main Authors: | , |
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2019
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/8792 |
| _version_ | 1801705973640855552 |
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| author | Salazar-Trujillo, Boris Otero-Robles, Daniel |
| author_facet | Salazar-Trujillo, Boris Otero-Robles, Daniel |
| author_sort | Salazar-Trujillo, Boris |
| collection | OJS |
| description | This article proposes an explanation to the empirical revolution in economics. It argues that the search for natural and quasi-natural experiments, wherever they were available, looking for more credible identification methods, led to the creation and application of new econometric tools and to their further propagation to an increasing number of fields in Economics. The application of the new tools and research designs to the evaluation of policy interventions all over the world activated a powerful feedback systems, working from interventions to their evaluations, by means of new econometric tools, to the publication of academic articles and back to the generation of new interventions. By using networks of cocitation and semantic networks of the articles that introduced the new tools, we found traces of their impact over the practice of economists, and over the emergence of three groupings of researchers as an effect of the arrival of synthetic control in 2003. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-8792 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2019 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-87922022-06-17T21:35:24Z The Empirical Revolution in Economics La revolución empírica en economía Salazar-Trujillo, Boris Otero-Robles, Daniel Empirical Revolution credibility natural experiments instrumental variables econometrics Revolución empírica credibilidad experimentos naturales variables instrumentales control sintético econometría This article proposes an explanation to the empirical revolution in economics. It argues that the search for natural and quasi-natural experiments, wherever they were available, looking for more credible identification methods, led to the creation and application of new econometric tools and to their further propagation to an increasing number of fields in Economics. The application of the new tools and research designs to the evaluation of policy interventions all over the world activated a powerful feedback systems, working from interventions to their evaluations, by means of new econometric tools, to the publication of academic articles and back to the generation of new interventions. By using networks of cocitation and semantic networks of the articles that introduced the new tools, we found traces of their impact over the practice of economists, and over the emergence of three groupings of researchers as an effect of the arrival of synthetic control in 2003. Este artículo intenta explicar el avance de la revolución empírica. Plantea que la búsqueda de experimentos naturales y cuasi naturales, allí donde estuvieran disponibles, para mejorar la credibilidad de los métodos de identificación, condujo a la creación y aplicación de nuevas herramientas econométricas y a su posterior propagación transversal a un número creciente de campos de la economía. La aplicación de los nuevos diseños y herramientas de investigación a la evaluación de intervenciones de política en todo el mundo, activó un potente sistema de retroalimentación que va de las intervenciones a su evaluación mediante nuevas herramientas econométricas, a la publicación de artículos académicos y a la generación de nuevas intervenciones. Usando redes de cocitación y redes semánticas de los artículos que introdujeron las nuevas herramientas, encontramos trazos de su impacto creciente sobre la práctica de los economistas, y de la emergencia de tres agrupaciones de investigadores como efecto de la irrupción del control sintético en 2003. Universidad Pedagógica y Tecnológica de Colombia 2019-08-20 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/8792 10.19053/01203053.v38.n68.2019.8792 Apuntes del Cenes; Vol. 38 No. 68 (2019); 15-48 Apuntes del Cenes; Vol. 38 Núm. 68 (2019); 15-48 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/8792/8357 https://revistas.uptc.edu.co/index.php/cenes/article/view/8792/11189 Copyright (c) 2019 Boris Salazar-Trujillo, Daniel Otero-Robles http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Empirical Revolution credibility natural experiments instrumental variables econometrics Revolución empírica credibilidad experimentos naturales variables instrumentales control sintético econometría Salazar-Trujillo, Boris Otero-Robles, Daniel The Empirical Revolution in Economics |
| title | The Empirical Revolution in Economics |
| title_alt | La revolución empírica en economía |
| title_full | The Empirical Revolution in Economics |
| title_fullStr | The Empirical Revolution in Economics |
| title_full_unstemmed | The Empirical Revolution in Economics |
| title_short | The Empirical Revolution in Economics |
| title_sort | empirical revolution in economics |
| topic | Empirical Revolution credibility natural experiments instrumental variables econometrics Revolución empírica credibilidad experimentos naturales variables instrumentales control sintético econometría |
| topic_facet | Empirical Revolution credibility natural experiments instrumental variables econometrics Revolución empírica credibilidad experimentos naturales variables instrumentales control sintético econometría |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/8792 |
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