The purpose of this paper is to provide forum for critical discourses in the area of retroduction thinking in the re-orientation of social sciences research at the Bank of Sierra Leone. It is acknowledged that economic research at the bank is more oriented towards the orthodox approach (Keynesian, etc.), while that of the un-orthodox (heterodox) view is being blighted by the need to prove economic theory application without much consideration given to the imperfect market economic conditions faced in the country.
The methodology of the paper is based on critical theoretical literature review of documents and also the assessment of current approach to research practices at the Bank of Sierra Leone.
There is actually a pool of professionals from different backgrounds, whose passion have been coordinated to embrace the idea of integrating variety of triangulation approaches (methodological, theoretical, data, and investigator) in their pursuit of exploring best practices for policy research at the bank. Research is an ontological journey and the process of its epistemological inquiry requires pool of experts, drawn from wide range of backgrounds (mainstream Social Sciences, Mathematical Science, etc.), whose approaches are pertinent in the pursuit of human discovery, and particularly for policy development, as in the case with the Bank of Sierra Leone. This work has highlighted several salient recommended points for future action in the lead towards energizing research at the bank.
The effort to provide this paper is very original, which is based on the author's experience of working in a research focused environment. This paper will be of value to future pursuance of work in promoting triangulation research at the Bank of Sierra Leone. It is hoped that the outcome of this will spearhead mixture of professional engagement of work activities that is geared towards addressing effective policy formulation at the bank in meeting its key objective (maintaining price stability).
The views expressed in this paper are those of the author and do not represent the official position of the Bank of Sierra Leone and University of Birmingham.
Jackson, E.A. (2018), "Triangulation: A retroduction approach in the reorientation of social science research for Central Bank policy in Sierra Leone", African Journal of Economic and Management Studies, Vol. 9 No. 2, pp. 266-271. https://doi.org/10.1108/AJEMS-01-2018-0034
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