Empirical Economics and Public Policy
- Miguel Virgen, PhD Student in Business
- Oct 19, 2024
- 4 min read
Updated: Mar 12
October 19 (Doctors In Business Journal) - Empirical economics is a branch of economics that focuses on the use of data and statistical methods to test hypotheses and evaluate economic theories. It plays a crucial role in informing public policy by providing evidence-based insights that can guide decision-making processes. This article explores the relationship between empirical economics and public policy, highlighting its significance, methodologies, and implications for effective governance.
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