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Possibilities Of Quantitative Study Of Some Qualitative Processes In Economy

Author

Listed:
  • Cristina COCULESCU

    (Romanian-American University)

  • Aura-Marilena DIN

    (Romanian-American University)

Abstract

Qualitative variables have a big importance in economy, being associated to a big number of economic processes and phenomena. In economic-mathematic modeling process, the main problem which needs to be solved is to express numerically the level of such variables, especially if their importance is big, or if qualitative effects worth to be considered. Measuring of qualitative variables give the chance of input them in quantitative kind models that would help mostly to reduce the degree of indetermination and therefore, to a fuller explanation of the evolution of economic phenomena. In this work, we’ll refer to the opportunities to measure qualitative variables encountered till nowadays in dedicated literature, giving examples for several cases through processes and phenomena frequently encountered in economic practice

Suggested Citation

  • Cristina COCULESCU & Aura-Marilena DIN, 2014. "Possibilities Of Quantitative Study Of Some Qualitative Processes In Economy," Romanian Economic Business Review, Romanian-American University, vol. 9(4), pages 7-18, december.
    • Handle: RePEc:rau:journl:v:9:y:2014:i:4:p:7-18
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI14/REBE-WI14-A1.pdf
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    References listed on IDEAS

    as
    1. Gourieroux,Christian, 2000. "Econometrics of Qualitative Dependent Variables," Cambridge Books, Cambridge University Press, number 9780521589857.
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