Economics

Gary Wade keynote address at European Youth Parliament, 2020

If you are interested in watching a recent address I gave at the European Youth Parliament, you can view it here. In times like these, when our society faces unprecedented uncertainty, it is almost always our nurses and the police force that we turn to. Yet, we never pay them what they deserve. Even though …

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Econometrics: What is nominal data?

With nominal data, each category is mutually exclusive to the next and there is no crossover between the respective categories. Examples of such nominal scale variables include such factors as gender, employment status or college graduate. This is not a hugely informative measure as a category is simply selected and detailed information is lacking. A useful …

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