ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
Annotated Bibliography: Economic Data
School of Business, Liberty University
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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Annotated Bibliography
AlAujan, S. S., Almazrou, S. H., & Al-Aqeel, S. A. (2021). A systematic review of sources of
outcomes and cost data utilized in economic evaluation research conducted in the gulf
cooperation council. Risk Management and Healthcare Policy, 14, 209–220.
https://doi.org/10.2147/RMHP.S285359
This evaluation targeted to distinguish and review the condition of issued financial
analysis examinations in the Gulf Cooperation Council (GCC) area, with a specialized
effort on practices utilized to discover, assess, and value cost and results from data. An
electronic examination of reporting from 2009 to October 2019 was achieved in datasets.
Among 1857 investigations classified, 14 pertinent investigations were adequate and
integrated. Quality-adjusted life-years was the leading result. It was found precise
financial judgments are absent in the area producing wrong data being delivered to
decision-makers.
This source is useful as directness and intelligibility are applied in the reporting of
systems utilized to classify, determine, and evaluate results, and, additionally, supplies in
available profitable assessments are essential. Evaluated in the other sources an economic
evaluation considers two issues, cost and outcome. As two factors are determined, the
effects of an economic evaluation will not essentially describe which preference is
superior.
The source is useful in the discussion as economic evaluation informs how much more is
required to be inclined to compensate to attain an advanced product. Most importantly,
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
economics will enlighten choice-making, more willingly than controlling a choice. This
will shape the writing as economics deals with the challenge of the inadequacy of
resources and the constant must to make selections. It demands much more than purely
accounting or endeavoring to reduce rates.
Carvalho, L. S., Meier, S., & Wang, S. W. (2016). Poverty and economic decision-making:
Evidence from changes in financial resources at payday. The American Economic
Review, 106(2), 260–284. https://doi.org/10.1257/aer.20140481
In this article, the consequence of economic resources on decision-making is studied.
Low-income US homes are arbitrarily appointed to take an electronic assessment before
or after payday. The evaluation compiles processes of cognitive action and manages risk
and intertemporal choice functions. As a result, before payday, members act as though
they are further present biased while making intertemporal choices regarding financial
incentives however not while making intertemporal choices regarding nonmonetary true
effort responsibilities.
The source is useful as it explains how decision-making involves distinguishing a
judgment, assembling knowledge, and measuring other outcomes. Not mentioned in the
other sources, the practice is heightened with relevance and reliability. Relevance
indicates profitable data must be suitable and with predictive value, meaning there must
be a standard of return on investment. Reliability represents financial material must be
exact, supportable, non-aligned, and conventional.
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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The source is useful for the discussion as economic decisions demand to take numerous
variables into account as approaching an assumption. It helps to shape the writing as the
decision-making classifies options choices and opting for an applicable option when
encountered with judgments. Markedly, the target of all choices is to gain a type of
incentive.
Gutmann, M. P., Merchant, E. K., & Roberts, E. (2018). "Big data" in economic history. The
Journal of Economic History, 78(1), 268–299.
https://doi.org/10.1017/S0022050718000177
This study observes two extents in which economic historians are applying big data,
population and environment, deliberating methods in which amplified rate of reflection,
deeper samples, and reduced geographic components permit to evaluate the past with
more meticulousness and regularly to record individuals, places, and spectacles
throughout time. The research discovers encouraging innovative supplies of big data such
as progressively designed economic data, high-resolution images, and textual corpora.
The source is useful as it describes big data as an exhilarating potential for the subject of
economic history, which has been contingent on the possession, inputting, and
maintenance of limited statistical data regarding the past. Unlike the other sources,
big data indicates records of bigger volume, elevated frequency, and additional tailored
material. In minor data files, econometric procedures surpass intricate procedures. In big
ones, machine learning processes excel.
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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The source is useful for discussion as it explains how different analytic tactics are
essential to utilized big data in economics. The source will be used to shape the writing to
justify investigators and representatives must accordingly pay careful notice to current
advancements in machine learning practices. This is important if they intend to
abundantly take leads of innovative traces of big data.
Parody-Rúa, E., Rubio-Valera, M., Guevara-Cuellar, C., Gómez-Lumbreras, A., CasajuanaClosas, M., Carbonell-Duacastella, C., & Aznar-Lou, I. (2020). Economic evaluations
informed exclusively by real world data: A systematic review. International Journal of
Environmental Research and Public Health, 17(4), 1171.
https://doi.org/10.3390/ijerph17041171
The purpose of this examination was to review the value of comprehensive economic
evaluations established through real-world data for both costs and effectiveness.
Subsequently, the leading basis of costs and effects of real-world data were data systems.
Economic evaluations draw on real-world data and have been escalating in the very
current years, but this supplier of data has quite a few benefits and restrictions.
The source is useful as it describes economic evaluation as a relative study of choice
options of action regarding both costs, such as resource use, and consequences, such as
the outcomes or effects. As examined in the other sources, economic evaluation is not a
particular study procedure, it is a structure for forming certain decision problems. This
indicates the applicable form of economic evaluation, and therefore the method to
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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information gathering and assessment is established predominantly through the decision
problem, or economic question, at concern and the opinion of the decision-maker.
The source is useful for discussion since economic evaluation analyses try to
communicate, determine, and benefit each significant different option, their resource
ideas, and results. This will shape the writing as it further clarifies how benefit-cost
analysis appears in this classification. A few methods fail to meet the assessment of all
consequences, yet are nevertheless regarded as economic evaluations, as well as costeffectiveness analysis and cost-utility analysis. Each category of economic evaluation
utilizes a marginal approach to analysis. Most notably, they seek to deliver measures of
gradual resource application, costs, and cost-effectiveness.
Saritas, O., Bakhtin, P., Kuzminov, I., & Khabirova, E. (2021). Big data augmentated business
trend identification: The case of mobile commerce. Scientometrics, 1–27. Advance online
publication. https://doi.org/10.1007/s11192-020-03807-9
The investigation establishes the advantage of text data mining and semantic analysis of a
substantial number of records for exploring business developments in mobile commerce
which has developed into a substantial technology and business domain with consistently
developing market capabilities. As a result, the report sets out with an evaluation of
worldwide tasks, prospects, and developments in the education of mobile commerce.
Ensuing, the research classifies crucial technologies and devices for the application of the
possibilities in the division by using the big data analytics structure constructed on
comprehensive ordinary language managing applying text-mining, machine learning,
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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science bibliometric, and technology study. The findings produced by the approach may
be utilized to deliver a broad and effective net of organized technologies, movements,
drivers, and obstacles to provide a general idea of the total design of mobile commerce in
one business intelligence data mart chart.
The source is useful by associating and observing business and industrial developments
as key for modernization and effectiveness of businesses. The exponential progress of
information throughout the globe is important and helpful for recognizing rising and
advancing developments. Contrarily, the extensive volume of information creates data
excess and may not be amply managed without the practice of automated procedures of
extraction, administering, and initiation of knowledge. As mentioned in the previous
sources, there is a developing necessity for data structures observing and exploring
information from diverse and unregulated sources to authorize suitable and evidencebased decision-making.
The source is useful for discussion as to current evolutions in computing and big data
supply vast prospects for assembling evidence on forthcoming advances and rising
prospects. The source helps shape the writing as it specifies how big data is information
encompassing larger collection, received in rising quantities, and with extra rapidity.
Briefly, big data is greater, further intricate data series, specifically from new information
sources. Principally, these information collections are very capacious customary files
managing software simply cannot succeed them. However, these vast levels of documents
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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may be applied to focus on business efforts companies would not have been adept to
undertake previously.
Udeh B. L. (2020). Economic evaluation studies. Chest, 158(1S), S88–S96.
https://doi.org/10.1016/j.chest.2020.03.008
This paper supports an indication of the categories of economic evaluations and their part
in decision-making. It additionally considers crucial examination model matters,
incorporating approaches, range, effects, and reporting. The findings of the report
conduct the examiner to deliver superior economic evaluations and point the reviewer to
deliver prime opinion throughout the evaluation practice. Furthermore, as an outcome,
economic evaluations do not add up to multifaceted choices, they deliver supplementary
evidence to better manage. Approaches, incorporating style formation, ideas, and
information alternatives, must be distinctly indicated, vindicated, and informed to help
evaluate duplicability.
This source is useful as economic evaluations, together with cost-effectiveness analyses,
are assessments for decision-making. They assist to clarify interchanges amongst opting
for one selection over another. This structure of the study is of important ability and
significance to the healthcare scheme. Established in the other sources, evaluations are
difficult, they involve a combination of countless information variables and sources, and
the influence of the preferences made is notable. As a result of this value and the
expanding necessity and intricacy of health evaluations, it is vital to make certain
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ANNOTATED BIBLIOGRAPHY: ECONOMIC DATA
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economic evaluations are exceptional, broad, and adhere to the procedures and references
of authorities in the field.
This source is helpful for the discussion because it demonstrates economic evaluations
must not be constrained to one result, period, population, or outlook, and must not be
counted as stationary. Economic evaluations must be revised and developed once recent
information becomes accessible, and new conclusions are to be prepared. Essentially,
decision-makers infrequently carry out all the data to consider the costs and benefits of
efficiency advancements. Efficiency is the most benefit reached with accustomed
resources. To further shape the writing, economic evaluation measures the efficiency of
variations. It manages costs and benefits of a system, is not inevitably centered on
collecting income, and is involved regarding the choice flanked by two different
possibilities.
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