Tag: economic modeling
The Role of Econometrics in Shaping Post-Pandemic Economy Policies
The post-pandemic economy presents unprecedented challenges and opportunities. From employment disruption to inflation, governments worldwide are grappling with rebuilding economies while preparing for future shocks. This article explores how econometric analysis is driving smarter policymaking in five critical areas, helping nations transition toward a resilient and inclusive post-pandemic economy. 1. Measuring the COVID-19 Shock with…
Nonlinear Econometric Models: Concepts, Applications, and Challenges
Introduction to Nonlinear Econometric Models Nonlinear econometric models play a critical role in modern economic analysis. Unlike linear models that assume constant marginal effects, nonlinear econometric models allow for more flexible representations of complex economic relationships. They are particularly useful when data exhibit diminishing returns, thresholds, or saturation effects—common in real-world phenomena such as labor…