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Keyword: econometrics

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  • Illicit Drugs: A Gross Domestic Product

    09/03/2005 11:42:29 AM PDT · by Our_Man_In_Gough_Island · 4 replies · 273+ views
    Zenit ^ | 3 Sepy 2005 | Staff
    STOCKHOLM, Sweden, SEPT. 3, 2005 (Zenit.org).- Around 200 million people have used drugs at some point in the last 12 months. This was one of the findings presented June 29 in the 2005 World Drug Report, issued by the U.N. Office on Drugs and Crime. The UNODC report, which covers data up to 2003, estimates that there are 160 million marijuana users. The number of those using amphetamines and ecstasy, termed as ATS users by the report, is 26 million and 8 million, respectively. The number of opiate users is estimated to be around 16 million. Cocaine users number almost...
  • The 2003 Nobel Prize in economics

    10/29/2003 7:46:45 AM PST · by Starwind · 9 replies · 163+ views
    BrookesNews.Com ^ | October 27, 2003 | Frank Shostak
    The 2003 Nobel Prize in economics *Dr Frank ShostakBrookesNews.ComMonday 27 October 2003 Two economists who have developed statistical techniques to track economic trends and to measure investment risk - Clive Granger and Robert Engle - were this year awarded the Nobel Prize in economics. In this article I will be focusing on the contribution of Clive Granger to economics. According to the Nobel committee Granger's important contribution to economic science is his discovery of a phenomenon called cointegration. This discovery, so it is held, enables economists to accurately validate relationships among various economic data. So what is it all...