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Advisor(s)
Abstract(s)
Research in economics has progressed significantly in the last few decades, with relevant contributions being delivered in the most important areas this science comprehends, e.g., macroeconomic theory, measurement of the economic activity, analysis of individual decision-making, finance, international economics. This chapter provides a discussion on the recent breakthroughs of the economic science, by highlighting twelve outstanding contemporaneous studies in fields that range from business cycles theory, to human capital formation, international trade models, the empirics of economic development or the application of statistical techniques to the analysis of economic phenomena. These studies were selected following several criteria: recent publication (in the last half decade) in a top scientific journal and already with a large citation record. Obviously, selecting a few prominent contributions from an extremely wide range of quality studies produced by economists in the last few years ends up by neglecting many other influential works. Nevertheless, we believe that the undertaken choice covers a series of meaningful advancements that are helping in launching the debate in many important topics in the years to come. Each one of the approached articles constitutes a piece of the best the reflection on economic theory and empirical analysis has to offer to the academy, to policy-makers and to all those that somehow rely on the progress of the economic science to optimize the respective decision-making process.
Description
Keywords
Economic thought; Economic literature; Research advancements; Business cycles; Finance; Education and skill formation; International trade and development; Econometric analysis.
Citation
Gomes, O. and M. Gubareva (2015). “Twelve Fundamental Contemporaneous Contributions for the Advancement of Economic Thought.” in Tavidze, A. (ed.) Progress in Economics Research, vol. 32, Hauppauge, New York: Nova Science Publishers, Inc. Chapter 1, pp. 1-37.