During the first semester, MSc Business & Economics students explored ongoing economic issues using real-world data and the Stata computer program. The Business & Economics students have been working on this in class alongside SKEMA’s doctoral students.
Stata is among the most widely used programs for statistical analysis in the social sciences. It is used by market researchers, health researchers, survey companies, government, education researchers, marketing organisations and others.
By using Stata, MSc Business & Economics students came to significant conclusions on burning issues like: whether there is a significant difference in market size between US and EU companies; whether certain industries are country-specific; why some countries/companies tend to be more innovative; how unemployment changes in a given country once one of its large companies shifts its production to a foreign country and its implications in other areas of the economy; whether there’s a relationship between technology (knowledge) and labour productivity that would shape policies with regard to investing in research and development etc.
These and other related topics tested in their Advanced Econometrics class will help students better understand and respond to such issues once they start their careers in government or other levels of policy-making.
Stata is a general-purpose statistical software package used by many businesses and academic institutions around the world. Most of its users work in research, especially in the fields of economics, sociology, political science, biomedicine and epidemiology.
Stata's capabilities include data management, statistical analysis, graphics, simulations, and custom programming.