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Definitions
Equivalent Variation
Equivalent Variation
Welfare Economics
Consumer Theory
An economic metric used to gauge the welfare change regarding a price change or policy intervention by comparing the amount of income needed to achieve original utility under new circumstances.
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Definitions
Error Correction Model
Error Correction Model
ECM
Economics
Econometric Models
Cointegration
Vector Error Correction Model
A model used for estimating the short-run dynamic relationship among cointegrated variables and their adjustments towards long-term equilibrium.
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Definitions
Error Term
Regression Analysis
Error Term
Econometrics
Definition and explanation of the error term in the context of regression analysis in economics
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Definitions
Errors in Variables Bias
Statistics
Econometrics
Data Analysis
Estimator Bias
Measurement Error
The bias of an estimator caused by measurement errors in the data.
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Definitions
Escalator Clause
Contracts
Inflation
Wages
Cost of Living
Definition and meaning of an escalator clause in economic terms.
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Definitions
Estimate
Econometrics
Economics
Estimation
Data Analysis
Definition and meaning of the term 'estimate' in econometrics.
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Definitions
Estimates
Estimates
Budget
UK Government
House of Commons
Proposals on expenditure in the coming financial year included in the UK government’s annual budget.
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Definitions
Estimator
Estimator
Statistics
Econometrics
Bias
Consistency
Accuracy
A rule for using observed sample data to calculate the unobserved value of a population parameter.
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Definitions
EU Emissions Trading Scheme (EU ETS)
EU Emissions Trading Scheme
EU ETS
Climate Policy
Emission Permits
Overview and analysis of the EU Emissions Trading Scheme (EU ETS), a cornerstone of the European Union's climate policy.
Read more about EU Emissions Trading Scheme (EU ETS).
Definitions
Euler’s Theorem - Definition and Meaning
Euler’s Theorem
Homogeneous Function
Degree Lambda
A comprehensive entry on Euler’s theorem in economics, describing its meaning, application, and historical context.
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Definitions
Euro - The Single European Currency
Euro
Currency
European Union
Economics
An overview of the Euro, its adoption, historical context, and significance within the European Monetary Union.
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Definitions
Eurobarometer
Eurobarometer
European Union
Public Opinion
Surveys
European Commission
A comprehensive analysis of the Eurobarometer surveys conducted in EU countries by the communication service of the European Commission.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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