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© 2018

Methods of Economic Research

Craftsmanship and Credibility in Applied Microeconomics

Textbook

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-xix
  2. Ways of Thinking

    1. Front Matter
      Pages 9-9
    2. Darren Grant
      Pages 11-23
    3. Darren Grant
      Pages 25-36
  3. Ways of Seeing

    1. Front Matter
      Pages 37-37
    2. Darren Grant
      Pages 39-52
    3. Darren Grant
      Pages 53-67
  4. Ways of Doing

    1. Front Matter
      Pages 69-69
    2. Darren Grant
      Pages 71-91
    3. Darren Grant
      Pages 93-107
    4. Darren Grant
      Pages 109-131
  5. Ways of Knowing

    1. Front Matter
      Pages 133-133
    2. Darren Grant
      Pages 135-153
    3. Darren Grant
      Pages 155-169
    4. Darren Grant
      Pages 171-185
  6. Back Matter
    Pages 187-203

About this book

Introduction

This textbook articulates the elements of good craftsmanship in applied microeconomic research and demonstrates its effectiveness with multiple examples from economic literature. Empirical economic research is a combination of several elements: theory, econometric modelling, institutional analysis, data handling, estimation, inference, and interpretation. A large body of work demonstrates how to do many of these things correctly, but to date, there is no central resource available which articulates the essential principles involved  and ties them together.  In showing how these research elements can be best blended to maximize the credibility and impact of the findings that result, this book presents a basic framework for thinking about craftsmanship. This framework lays out the proper context within which the researcher should view the analysis, involving institutional factors, complementary policy instruments, and competing hypotheses that can influence or explain the phenomena being studied. It also emphasizes the interconnectedness of theory, econometric modeling, data, estimation, inference, and interpretation, arguing that good craftsmanship requires strong links between each. Once the framework has been set, the book devotes a chapter to each element of the analysis, providing robust instruction for each case. Assuming a working knowledge of econometrics, this text is aimed at graduate students and early-career academic researchers as well as empirical economists looking to improve their technique.

Keywords

craftsmanship research applied econometrics empirical economic research microeconomics modelling data

Authors and affiliations

  1. 1.Sam Houston State UniversityHuntsvilleUSA

About the authors

Darren Grant has worked as a Navy contractor, a health management program administrator, a high school teacher and coach, and an economics professor, in various towns and cities across the South.  He has published applied research in leading field journals in policy analysis, health economics, the economics of education, industrial organization, public choice, behavioral economics, and labor economics, using models that run the gamut of those found in the profession: parametric and nonparametric, linear and nonlinear, reduced form and structural, and everything in-between.  Much of what he has learned about doing economic research he has learned the hard way.

Bibliographic information

  • Book Title Methods of Economic Research
  • Book Subtitle Craftsmanship and Credibility in Applied Microeconomics
  • Authors Darren Grant
  • Series Title Springer Texts in Business and Economics
  • Series Abbreviated Title Springer Texts Business, Economics
  • DOI https://doi.org/10.1007/978-3-030-01734-7
  • Copyright Information Springer Nature Switzerland AG 2018
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-030-01733-0
  • eBook ISBN 978-3-030-01734-7
  • Series ISSN 2192-4333
  • Series E-ISSN 2192-4341
  • Edition Number 1
  • Number of Pages XIX, 203
  • Number of Illustrations 11 b/w illustrations, 10 illustrations in colour
  • Topics Microeconomics
    Econometrics
    History of Economic Thought/Methodology
  • Buy this book on publisher's site
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Finance, Business & Banking