DISTORTIONS IN THE EMPIRICAL INVESTIGATION OF ECONOMIC PHENOMENA

Abstract

Study of the economic phenomena is a common practice, resulting in the need for understanding the complexity of the economic realities that are in a continuous process of expansion. This is possible by specific analysis, able to synthesize and explain the economic phenomena, even that the investigation is whether vertically or horizontally. In the empirical analysis of the economic phenomena should be taken into account some stages, and the distortions that can occur for various reasons. Paper aim is to bring some of those distortions that, once known, allow modeling the real data as close to the essence of economic phenomena.

Keywords

• economic phenomenon
• distortion
• measurement
• analysis
• diagnostic
• modeling