Open research questions in Economic Theory and Policy
244 unresolved questions extracted from the limitations and future-work sections of 2,468 Economic Theory and Policy papers in our library. Each links back to the study that raised it.
What the literature leaves open
The paper identifies a gap in the understanding of the real economy and its relationship with financial markets. It highlights the need to consider the historical accumulation of stocks of wealth and its impact on investment and economic growth. The author notes that the conventional account of the real economy is incomplete and requires a more nuanced understanding of the flow of capital and its impact on investment and economic growth.
The paper identifies a gap in the understanding of the effects of monetary and fiscal policies on macrodynamic models with Minskyian financial structures. It highlights the need for further research on the stability of dynamic systems under different policy scenarios.
The existing literature on macroeconomic uncertainty does not provide a unified framework to assess and monitor macroeconomic risk. The paper identifies a gap in the literature, where the existing approaches impose restrictions on the shape and nature of the forecast distribution.
The paper identifies a gap in the understanding of the intellectual exchange between Péguy and Walras. It highlights the need to explore the tension between republican mysticism and mathematical gradualism in economic theory.
Future research could apply the mesoeconomic approach to other fields. The approach could be used to analyze the contribution of other economic sectors to socio-ecological transitions. Further research is needed to fully understand the potential of the SSE to contribute to socio-ecological transitions.
Rethinking the Social and Solidarity Economy and Its Potential for Socio-Ecological Transitions: A Mesoeconomic Approach · 2026 · DOIThe SSE is a diverse and complex field that requires a comprehensive analytical framework. Prior work has focused on fragmented perspectives, but a more comprehensive framework is needed. The paper aims to fill this gap by proposing a mesoeconomic approach.
Rethinking the Social and Solidarity Economy and Its Potential for Socio-Ecological Transitions: A Mesoeconomic Approach · 2026 · DOIThe lack of clarity in the treatment of sectoral investment shocks. The need for a scenario-based approach to analyse investment effects in a conceptually consistent manner.
The paper acknowledges the lack of microfoundations and optimization in the Lorenz system. The study notes the difficulty in measuring the parameters of the Lorenz system in the context of economic variables. The paper recognizes the limitations of the mechanical model in capturing the role of institutions, expectations, and information asymmetry in economic dynamics.
Aplicação das Equações de Lorenz na Macroeconomia: Caos, Atratores e Dinâmica Econômica · 2026 · DOIThe paper suggests that future research should focus on developing new macroeconomic models that can capture the complexity of economic systems. The study implies that researchers should explore the application of chaos theory to other areas of economics, such as microeconomics and finance. The paper provides a framework for future research on the application of Lorenz equations to macroeconomic analysis.
Aplicação das Equações de Lorenz na Macroeconomia: Caos, Atratores e Dinâmica Econômica · 2026 · DOIThe significant gap between the Moroccan and Spanish economies - The need for Morocco to invest in human capital, innovation, and industrialization - The challenge of developing a strategy for Morocco to become a platform economy linking Europe and Africa
LES RÈGLES D’OR POUR QUE L’ÉCONOMIE MAROCAINE DÉPASSE UN JOUR L’ÉCONOMIE ESPAGNOLE: UNE ANALYSE COMPARATIVE DES TRAJECTOIRES ÉCONOMIQUES,DES AVANTAGES STRUCTURELS ET DES STRATÉGIES DE CONVERGENCE DU MAROC ET DE L’ESPAGNE · 2026 · DOIThe gap between the Moroccan and Spanish economies is significant - There is a need for strategies to promote Morocco's economic convergence with Spain
LES RÈGLES D’OR POUR QUE L’ÉCONOMIE MAROCAINE DÉPASSE UN JOUR L’ÉCONOMIE ESPAGNOLE: UNE ANALYSE COMPARATIVE DES TRAJECTOIRES ÉCONOMIQUES,DES AVANTAGES STRUCTURELS ET DES STRATÉGIES DE CONVERGENCE DU MAROC ET DE L’ESPAGNE · 2026 · DOIThe existing empirical literature primarily focuses on the effects of inflation targeting on inflation and inflation expectations, with limited evidence on its impact on employment or income distribution. There is a lack of understanding of the mechanisms through which inflation targeting affects income inequality.
The sequencing of reforms is a challenge. The lack of institutions that ensure legal behavior, contract enforcement, and effective prudential regulation is a challenge. The risk of financial instability is a challenge.
The paper identifies the challenge of attracting industries to the state of Bahia. The study highlights the need for effective tax incentives to promote economic development. The paper notes the challenge of balancing tax incentives with revenue loss.
ANÁLISE DO IMPACTO DOS PROGRAMAS DE INCENTIVOS FISCAIS NA GERAÇÃO DE EMPREGOS NA INDÚSTRIA E NA RENÚNCIA DE RECEITA DO ESTADO DA BAHIA NO PERÍODO DE 1999 A 2021 · 2024 · DOIThe paper identifies a gap in the literature on the impact of tax incentives on job creation in the state of Bahia. The study highlights the need for further research on the effectiveness of tax incentives in promoting economic development.
ANÁLISE DO IMPACTO DOS PROGRAMAS DE INCENTIVOS FISCAIS NA GERAÇÃO DE EMPREGOS NA INDÚSTRIA E NA RENÚNCIA DE RECEITA DO ESTADO DA BAHIA NO PERÍODO DE 1999 A 2021 · 2024 · DOIFuture research could further explore the commercialization of intimacy in the context of tourism. It could examine the implications of the paper's findings for the tourism industry and for policies aimed at promoting more equitable and sustainable tourism development.
The paper identifies a gap in understanding the commercialization of intimacy in the context of tourism. It highlights the need to explore the use of intimacy in corporate and romantic relationships in the context of transnational tourism.
The need for sustainable development and climate change mitigation in the Asia-Pacific region. The importance of economic cooperation and integration in the region.
El rol de APEC en la reconfiguración económica: Desafíos y oportunidades en el siglo XXI para economías emergentes · 2024 · DOIThese include the ways market power is defined and measured; the use of accounting data to estimate markups; the quantitative implications of theoretical connections among markups, prices, costs, scale elasticities, and profits; and conflicting evidence on whether greater market power has led to lower investment rates and a lower labor share of income.
The paper suggests that by 1990, it will be possible to tell for certain whether there is any credence in the economist's conclusions. By 2000, it will be possible to know whether the intervening years have been as bad as predicted.
The state's role in the U.S. economy during the 1920s is a topic of debate among scholars. There is not a simple answer to the question of whether the state became larger and more interventionist or not.
Future research could explore the application of the mixed economy framework in different contexts and economies. Further study could be done on the role of social values and community power in economic decision-making. The paper suggests that a more nuanced understanding of the mixed economy and its implications is needed.
The paper identifies a gap in the dominant ideologies and their failure to provide adequate solutions for economic policy formation. The mixed economy is proposed as a way to fill this gap and provide a more effective and sustainable approach to economic policy.
The paper suggests applying the basic hypothesis to developing nations, socialist countries, and historical analysis. It implies that further study of the interrelationships of the four major divisions of activity is necessary.
The paper identifies a gap in the study of sectoral-structural developments. It notes that economists in developed countries are often disinclined to study the shifts among the megasectors.
Most-cited papers in Economic Theory and Policy
- The General Theory of Employment · The Quarterly Journal of Economics · 1937 · 1,828 citations
- The financialization of the American economy · Socio-Economic Review · 2005 · 1,776 citations
- The Soft Budget Constraint · Kyklos · 1986 · 825 citations
- Speculation and Economic Stability · The Review of Economic Studies · 1939 · 810 citations
- Is a Finance-led growth regime a viable alternative to Fordism? A preliminary analysis · Economy and Society · 2000 · 693 citations
- Economic Space: Theory and Applications · The Quarterly Journal of Economics · 1950 · 610 citations
- Theories of Policy Diffusion Lessons from Latin American Pension Reform · World Politics · 2005 · 365 citations
- The Cyclical Behavior of the Gross Flows of U.S. Workers · Brookings Papers on Economic Activity · 1990 · 335 citations
- Econometrics-Alchemy or Science? · Economica · 1980 · 335 citations
- The Political Economy of Import-Substituting Industrialization in Latin America · The Quarterly Journal of Economics · 1968 · 305 citations
Most recent work
- Rethinking the Social and Solidarity Economy and Its Potential for Socio-Ecological Transitions: A Mesoeconomic Approach · Interventions économiques · 2026
- Brazilian VAT/GST Reform: Taxable Supplies · International VAT Monitor · 2026
- The Phillips multiplier and the two sides of inflation · Economics Letters · 2026
- Unpacking Rising Inequality: The Roles of Markups, Taxes, and Asset Prices · Journal of the European Economic Association · 2026
- Financial structures and monetary and fiscal policies · Journal of Evolutionary Economics · 2026
- Is There a Growth Imperative Inherent in Our Financial System? · American Journal of Economics and Sociology · 2026
- Gesell's Natural Economic Order as a Blueprint for a “Fairconomy” and a Sustainable Future · American Journal of Economics and Sociology · 2026
- Sectoral Investment in Input-Output Frameworks: A Note on Stamegna et al. (2024) · Peace Economics Peace Science and Public Policy · 2026
- Monetary policy transparency in Colombia · Latin American Journal of Central Banking · 2026
- Forty Years of Empirical Evidence of Cointegration and Nonlinear Equilibrium Correction in UK Money Demand Since the XIXth Century · Oxford Bulletin of Economics and Statistics · 2026
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