I am going to graduate in mid-October from my M.Sc. in Economics and I am starting to think seriously to apply for a Ph.D. However, since I am still completing the writing of my thesis, I have not yet started to get informed in any way about the available programs and I did not fill any requirement in terms of GRE, language certifications and so on. Therefore, my idea would be to do some research work and to send my applications in fall 2018 (thus actually starting Ph.D. in September 2019).
Do you think this is meaningful? In my mind, trying to write a better thesis and get some other experience in research could be useful for the purpose of the application. But I am also worried that I am kind of losing one year with respect to my cohort of graduates, thus this could be seen as a symptom of uncertainty.
How an evaluation committee would consider this timing choice?