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.

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Regression Kink Design
A method of estimation designed to find the causal effect when a policy variable has discontinuities in the first derivative, or ‘kinks’.
Regret Theory - Definition and Meaning
A theory of choice predicated on the anticipation of regret, utilized in decision-making processes to explain economic anomalies.
Regulation
A comprehensive overview of regulation in economics, including its purpose, methods, and various frameworks.
Regulatory Agency
A body set up to decide on and enforce regulations, often independent from direct government control.
Regulatory Capital
The minimum capital required for banks and other financial services institutions by a regulator, such as a central bank or an international supervisory body.
Regulatory Capture
The tendency of regulators to identify with the interest of the industry they are supposed to regulate.
Rejection Region
The rejection region is a statistical concept used in hypothesis testing, referring to the range of values that leads to the rejection of the null hypothesis.
Rejection Rule
A decision rule for rejecting the null hypothesis in favour of the alternative based on test statistics or p-values.
Relative Income Hypothesis
The theory that savings behaviour is affected by an individual's relative position in the income distribution.
Relative Price
The concept of relative price, its importance in economic choices, and its measurement.