GCRI · Economic Development
STEM foundation of Economic Development
The science, technology, engineering and mathematics Economic Development rests on. Each method has a canonical page in the STEM Commons, hosted by the Global Centre for Risk and Innovation (GCRI), and a page here on how it is applied in this field.
The workspace for STEM foundation of Economic Development.
Method registry
Economic development · 11 methods in use · Example interface, not a record
Methods in use
| Economics and development | 3 | Expert review | Q2 | Current |
| Econometrics | 14 | Benchmark | Q1 | Current |
| Causal inference and impact | 4 | Cross-validation | Q3 | Review due |
| Network science and contagion | 5 | Benchmark | Q3 | Current |
| Complex systems | 10 | Cross-validation | Q4 | Review due |
Selected method
- Method
- Economics and development economics
- Steward
- Ministry of finance
- Assumptions
- stated on its page
- Limits
- what it cannot say, published
Skill on held-out data
Economic Development · Method registry. Method registry: example names and illustrative values, not a record.
The methods behind the field.
- 01Economics and development economicsGrowth diagnostics · Structural transformation analysis · Distributional incidenceSteward · Economic DevelopmentApplied here
- 02EconometricsShock transmission models · Panel analysis across countries · Nowcasting with alternative dataSteward · Economic DevelopmentApplied here
- 03Causal inference and impact evaluationRandomised evaluations · Evaluating place-based policies · Regression discontinuitySteward · Economic DevelopmentApplied here
- 04Network science and contagionProduct space analysis · Input-output shock propagation · Financial interconnectednessSteward · Systems Science and ModellingApplied here
- 05Complex systems and agent-based modellingAgent-based macroeconomic scenarios · Feedback in fiscal and financial stressSteward · Systems Science and ModellingApplied here
Why development needs this combination of methods.
Economic development work combines economics for theory, econometrics for estimation, causal inference for policy effects, network science for production linkages and complex systems for how shocks propagate through economies. Each method answers a different part of the question of how far and how long a shock depresses output, employment and public revenue.
Economic development work combines economics and econometrics with causal inference, network science and complex systems.
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Pages in STEM foundation of Economic Development.
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