Revolutionizing Econometrics: Unveiling Solutions for Economic Growth and Development
The article reviews studies on econometrics from 2001-2010, focusing on issues like variable measurement, model dynamics, causality, and economic growth. Key findings include the importance of choosing the right functional form in models, avoiding mixing different types of variables, and using international samples to reduce data issues. The studies provide solutions to common challenges faced by researchers in analyzing economic data and offer insights into how to draw accurate conclusions about economic development.