Dr. Naeem is currently working as a member of Social Sector for Planning Commission, Government of Pakistan. He is responsible for reviewing public sector development projects in health, education, skill development, and population and family planning.
Prior to joining the Planning Commission, he managed the graduate economics program of Institute of Business Administration Karachi and taught undergraduate and graduate courses. Dr. Naeem hold a PhD in Economics from Northern Illinois University, USA.
Policy makers and business expects the applied research to guide governments and business managers for impact of some intervention/policy option/business option on the desirable/intended outcome. However, the way econometric is taught in business schools often miss this basic objective of research and get lost in technique and results.
Obviously, this leads to clearly missing this objective in overall design of study. Ideally, the process should mimic the Fischer technique of ANOVA, which broke the subjects in control and treatment groups. This assignment made the impact of intervention on intended objectives measurable and clear. While this approach is ideal but often due to ethics or feasibility reasons we cannot assign subjects into these groups.
These limitations lead to beautiful improvisations bringing our data, segregation, and analysis as close as possible to a situation as if these segregation and analysis are generated by some Fischer like experiment. Teaching econometric to business and economics students needs to be on these basis, i.e. what is ideal data, and if we do not have ideal data, how best we can improvise?
The book written by Angrist and Pischke called Mostly Harmless Econometric follows this approach.”
Thursday, March 9, 2017 at 5:00pm to 6:00pm
Webster University Thailand - Bangkok Academic Center, 407