1. What the Growth Model Represents The model tracks national innovation levels across four years: The growth trajectory is captured by two latent factors: Latent factor Meaning i (intercept) Initial innovation level s (slope)...
1. Core idea (one-liner) Theory Core Founding Source Year RBV Penrose – Theory of the Growth of the Firm 1959 RBV Wernerfelt – A Resource-Based View of the Firm 1984 RBV Barney – Firm...
On January 4th 2026, I shared with ChatGPT 5.2 a screenshot of my Google Scholar metrics and provided the following prompt: This is my google scholar citation trend. Assuming that the same trend continues,...
Theory of Absolute Advantage Example:If Norway produces fish more efficiently than Portugal, and Portugal produces wine more efficiently than Norway, both countries gain by specializing and trading fish for wine. Theory of Comparative Advantage...
Layer 0 (Foundation Layer) Layer 1 (Base Blockchain Layer) Layer 2 (Scaling Layer) ✅ In simple terms: Feature Layer 0 Layer 1 Layer 2 Definition Foundational infrastructure for creating and connecting blockchains Base blockchain...
Let’s go step by step so you get a clear foundation in System Archetypes. 🔹 1. What Are System Archetypes? System archetypes are recurring patterns of behavior that show up in complex systems across...
Happy to see my citations in google scholar exceeding 5000. At this point in career, I understand very well that citations are not everything and citations alone is not a good metric for assessing...
Method Main Use Case Assumptions Handles Time-Invariant Variables Endogeneity Control When to Use Pooled OLS Treats panel data as pure cross-sectional data Assumes no unobserved heterogeneity (all units are identical aside from included variables)...
One should use Generalized Method of Moments (GMM) when: 1. Endogeneity is present GMM is commonly used to address endogeneity, especially when: 2. Model has more moment conditions than parameters GMM allows estimation even...
An instrumental variable (IV) is a tool used in regression analysis to solve the problem of endogeneity — when an explanatory variable is correlated with the error term. A good instrument must satisfy two...
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