Arbeitspapier
The path of economics research production: Insights into the seesaw between theory and empirics
This paper provides insights into the apparent seesaw between the generation of theoretical versus empirical economics research over time. A dynamic model considers the incentives of researchers to focus on empirical versus theoretical papers. It yields the main characteristics of the path-changing of economics research, from theoretical-intensive to empirical-focused. The model has two equilibria, one with a higher proportion of theoretical papers and another with a higher proportion of empirical papers. Curiously, the equilibrium with greater theoretical papers is stable, while the one with more empirical papers is a saddle point. This suggests that the current trend of increasing empirical research is unlikely to last.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 2238
- Klassifikation
-
Wirtschaft
Role of Economics; Role of Economists; Market for Economists
General Economics: Other
- Thema
-
economic research
theory
empirics
publications
journals
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Faria, João Ricardo
Goel, Rajeev K.
Manage, Neela D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW Kiel)
- (wo)
-
Kiel
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Faria, João Ricardo
- Goel, Rajeev K.
- Manage, Neela D.
- Kiel Institute for the World Economy (IfW Kiel)
Entstanden
- 2023
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