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Title: TWO CULTURES OF ECONOMICS: APPLYING ECONOMETRIC AND STATISTICAL TOOLS TO DEVELOPING COUNTRIES IN THE 21st CENTURY
Authors: Arjun Sheoran
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Arjun Sheoran Mayo College, Ajmer
MLA 8 Sheoran, Arjun. "TWO CULTURES OF ECONOMICS: APPLYING ECONOMETRIC AND STATISTICAL TOOLS TO DEVELOPING COUNTRIES IN THE 21st CENTURY." Int. j. of Social Science and Economic Research, vol. 4, no. 11, Nov. 2019, pp. 7027-7033, ijsser.org/more2019.php?id=533. Accessed Nov. 2019. APA Sheoran, A. (2019, November). TWO CULTURES OF ECONOMICS: APPLYING ECONOMETRIC AND STATISTICAL TOOLS TO DEVELOPING COUNTRIES IN THE 21st CENTURY. Int. j. of Social Science and Economic Research, 4(11), 7027-7033. Retrieved from ijsser.org/more2019.php?id=533 Chicago Sheoran, Arjun. "TWO CULTURES OF ECONOMICS: APPLYING ECONOMETRIC AND STATISTICAL TOOLS TO DEVELOPING COUNTRIES IN THE 21st CENTURY." Int. j. of Social Science and Economic Research 4, no. 11 (November 2019), 7027-7033. Accessed November, 2019. ijsser.org/more2019.php?id=533.
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Abstract: There is a large variety of role and dimensions, from governance to education, agriculture to foreign affairs, where there is a need to combine Science Technology Engineering and Mathematics (STEM) fields with relevant parts of the Arts and Humanities. This is particularly rooted in the utilization of statistics, mathematical analytical tools and econometric techniques in each of these areas. Over time, people and indeed even governments have come to realize the importance of fusing the role of the sciences (including statistical and econometric sciences) with the humanities, to create solutions to existing problems that are holistic in more ways than one. Many, including Steve Jobs, have previously proclaimed the importance for this need. A few examples of key areas where econometric and statistical tools are crucial is specifically in the case of developing countries -- where there is a large and overwhelming need to assess populations through censuses, analyze the needs of large numbers of individuals, communities and societies through Big Data analysis. This paper will examine the importance of fusing the role of the sciences with humanities, particularly in the context of developing countries, with a specific focus on the issues faced with data in India. The paper will pose policy recommendations based on CP Snow's 'Two Cultures' Model in the Indian context, as a template for developing countries.

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