pupperino
Joined 4 years ago
Joined 4 years ago
In fact, this is such a common practice that it's nigh impossible to publich an empirical paper without discussing identification and employing an identification strategy.
You can always tell people who are not familiar with modern Economics because of it too, they will bring "but correlation is no causation" up and feel pretty good with themselves. Then you mention the identification strategy, and they just stare at you blankly without getting what you mean by that. I've seen this happen so many times.
So maybe try to consider this yet another data point. A paper estimating a certain effect size in a certain context shouldn't flip your entire mental model of a certain phenomenon, but it's also totally irrational to handwave away empirical results that don't match your intuition.
Import-substitution is bad for econ 101 reasons that most people who have an axe to grind against Dems would've been absolutely capable of grasping only a few years ago. Now, it seems so many are willing to turn off a part of their brains for this short-sighted wishful thinking. "Well, the official narrative is that we're doing this to get manufacturing back, so let's wait and see" is something most people would immediately perceive as bs if a Dem was sitting in the Oval Office. Seeing a politician campaign on a stupid platform, and then getting surprised he actually shoots himself in the foot spending political capital pursuing is also very Latin American.
The good part is that the soon-to-be-coming recession the federal government just fabricated out of thin air is fully self-inflicted, and therefore somewhat easy to fix. The bad part is you have (at least) 4 more years of this lunacy, so it might take a while.
> which our Western governments are invariably complicit in
You are not the center of the universe, my friend. People in the Global South have agency too. This sort of performative anti-imperialism goes around itself and becomes an Empire-centered account of world politics.