Abstract

http://ssrn.com/abstract=1889365
 


 



A Research Agenda in Economic Diagnostics


Dani Rodrik


Harvard University - Harvard Kennedy School (HKS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

September 8, 2010

American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas

Abstract:     
Very little research is devoted in economics to "economic diagnostics": figuring out which among multiple plausible models actually applies in a particular setting. The profession places a large premium on developing new models that shed light on as yet unexplained phenomena; but no-one gets brownie points for research that informs how appropriate models and remedies can be selected in specific contexts. With better diagnostic tools, perhaps economists would have been more skeptical of applying perfect-information, zero-agency-costs models to the U.S. prior to the financial crisis. Different economies suffer from different constraints, and the appropriate models and remedies depend on the nature of the more binding constraints. Diagnostic research can help us figure out how to apply economics in different settings in an intelligent way.

Number of Pages in PDF File: 3

working papers series





Download This Paper

Date posted: August 12, 2011  

Suggested Citation

Rodrik, Dani, A Research Agenda in Economic Diagnostics (September 8, 2010). American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas. Available at SSRN: http://ssrn.com/abstract=1889365 or http://dx.doi.org/10.2139/ssrn.1889365

Contact Information

Dani Rodrik (Contact Author)
Harvard University - Harvard Kennedy School (HKS) ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-495-9454 (Phone)
617-496-5747 (Fax)
HOME PAGE: http://www.ksg.harvard.edu/rodrik/
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Feedback to SSRN


Paper statistics
Abstract Views: 894
Downloads: 150
Download Rank: 118,875

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.344 seconds