Do you think the two approaches can be used together to


Can you think of an example of O-ring production from everyday life? Do you think your example is a good metaphor for development problems? Modern economic models sometimes require strong assumptions. What do you think are some of the trade-offs between a more rigorous, logically cohesive model with strong assumptions but clear inferences and a description of problems followed by a verbal discussion of possible implications? Do you think the two approaches can be used together to inform each other?

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Econometrics: Do you think the two approaches can be used together to
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