Paradigm

Research Methods in Economics: Paradigm

A paradigm in the context of research methods in economics refers to the overarching framework or model that guides the way economists approach and conduct research. It encompasses the fundamental assumptions, concepts, theories, and methodologies that shape the researcher's perspective and influence the design of studies.

Key Points:

1. Positivist Paradigm:

   • Characteristics: Based on the belief that economic phenomena can be studied objectively and measured quantitatively.
   • Methods: Emphasizes quantitative data, statistical analysis, and deductive reasoning.
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