Data collected by surveys of individuals or firms, which may be regional, national, or supranational, covering either the entire population or sample thereof.
Exploring the concept of sustainability in economic and social systems
Measures for the assessment and monitoring of the European Union Sustainable Development Strategy.
A financial derivative in which two counterparties agree to exchange one stream of cash flows for another. This entry explores its meaning, historical context, and different economic perspectives.
Definition and meaning of sweated labour in economic contexts.
A loan provided by a syndicate of banks or other lending institutions.
Understanding the concept of synergy in economics and its impacts on business mergers and acquisitions
Understanding systematic risk in economic terms, its impacts, and analytical frameworks.
Risk associated with the insufficient stability of a system due to interconnectedness and interdependencies that may result in cascading failures.
A comprehensive overview of systemic threats within an economic context, focusing on their broad implications and inter-connectivity in financial systems.
An individual or firm engaging in risk-taking to achieve expected profits, leveraging superior market information or risk tolerance.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Specification Error" 6date: 2023-10-05 7description: "An error in estimation or inference caused by a false assumption in an econometric model." 8tags: ["econometrics", "modeling", "bias"] 9--- 10 11## Background 12 13Specification error refers to an error arising within an econometric model due to incorrect assumptions about the underlying data-generating process. Such assumptions might relate to the inclusion or exclusion of certain variables, the functional form of the model, or the presence of erroneous data application.
