International Journal of Social Science & Economic Research
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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.

References

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[6]. Kimball, R., 'The Two Cultures Today', The New Criterion Features, February 1994
[7]. Kurian, O., 'Why It's a Challenge To Make Quick Sense of India's Health Data', The Wire, January 11, 2017
[8]. Office of the Registrar General and Census Commissioner, India, 'Why Census is Important?'
[9]. Press Information Bureau, Government of India, 'We need to identify the gaps in official data and analysis and determine ways on how best we can bridge them: Vice President', June 24, 2016
[10]. Snow, C.P, (2001) [1959]. The Two Cultures. London: Cambridge University Press
[11]. United Nations, Department of international economic and social affairs, 'Improving Social Statistics In Developing Countries: Conceptual Framework And Methods', 1979
[12]. Vats, A., and Khan, A., 'India's Big Data Landscape: Challenges and Opportunities', Journal of Science and Technology, Vol. 10, Issue 40, October 2017

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.