Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests
About Economics Terms Lexicon
Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.
Features
đź“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether you’re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
A statistical test for detecting the presence of first-order serial correlation in the error terms of a linear regression model.
Durbin’s test: Evaluating first-order serial correlation in the presence of a lagged dependent variable
An overview and economic analysis of the Dutch auction, an auction format starting with a high price that decreases until a buyer accepts or a minimum reserve is reached.
An exploration of various types of duties including anti-dumping duty, countervailing duty, customs duty, death duties, estate duty, excise duty, and stamp duty.
Definition and meaning of dynamic equilibrium in economics
A situation in which the optimal plan of a decision-maker made at one point in time is no longer optimal later in time.
An overview of the concept of dynamic inefficiency in an intertemporal economy.
A method for solving intertemporal optimization problems by maximizing the sum of current and future pay-offs.
Definition and meaning of dynamic stochastic general equilibrium (DSGE), a class of theoretical models used in macroeconomics.
The study of the time path of an economy, determined by a combination of exogenous and endogenous factors.
The interaction of government with people, businesses, and charities that takes place online.
Retirement before the legally established retirement age.