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Wheat from Chaff: Meta-analysis as Quantitative Literature Review

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T. D. Stanley

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Abstract

This paper presents and develops a quantitative method of literature reviewing and evaluating empirical research, meta-regression analysis or MRA. Economics is theory-driven. Yet, we must learn empirically if economics is to advance. MRA offers a more objective statistical method to summarize our empirical knowledge and to explain the wide study-to-study variation in economic research. MRA is used to assess the evidence for Ricardian equivalence, and its findings are contrasted to those of conventional narrative review. Furthermore, MRA establishes a platform from which to distinguish genuine empirical effect from the exploitable specification error that infests applied econometrics.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 15 (2001)
Issue (Month): 3 (Summer)
Pages: 131-150
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Handle: RePEc:aea:jecper:v:15:y:2001:i:3:p:131-150

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dalamagas, Basil A, 1992. "How Rival Are the Ricardian Equivalence Proposition and the Fiscal Policy Potency View?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 39(4), pages 457-76, November.
  2. Espey, Molly, 1998. "Gasoline demand revisited: an international meta-analysis of elasticities," Energy Economics, Elsevier, vol. 20(3), pages 273-295, June. [Downloadable!] (restricted)
  3. Barro, Robert J, 1989. "The Ricardian Approach to Budget Deficits," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 37-54, Spring. [Downloadable!] (restricted)
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  4. Orley Ashenfelter & Colm Harmon & Hessel Oosterbeek, 2000. "A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias," NBER Working Papers 7457, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. B. Douglas Bernheim, 1988. "Ricardian Equivalence: An Evaluation of Theory and Evidence," NBER Working Papers 2330, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Sef R. Baaijens, Peter Nijkamp, Kees Van Montfort, 1998. "Explanatory Meta-analysis for the Comparison and Transfer of Regional Tourist Income Multipliers," Regional Studies, Taylor and Francis Journals, vol. 32(9), pages 839-849, December. [Downloadable!] (restricted)
  7. Dalamagas, Basil A, 1992. "Testing Ricardian Equivalence: A Reconsideration," Applied Economics, Taylor and Francis Journals, vol. 24(1), pages 59-68, January.
  8. Peter D. Linneman & Michael L. Wachter & William H. Carter, 1990. "Evaluating the evidence on union employment and wages," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 44(1), pages 34-53, October.
  9. Stanley, T. D., 2000. "An empirical critique of the Lucas critique," The Journal of Socio-Economics, Elsevier, vol. 29(1), pages 91-107. [Downloadable!] (restricted)
  10. Doucouliagos, Chris, 1997. "The Aggregate Demand for Labour in Australia: A Meta-analysis," Australian Economic Papers, Blackwell Publishing, vol. 36(69), pages 224-42, December.
  11. Phillips, Joseph M, 1994. "Farmer Education and Farmer Efficiency: A Meta-Analysis," Economic Development and Cultural Change, University of Chicago Press, vol. 43(1), pages 149-65, October.
  12. Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-90, March. [Downloadable!] (restricted)
  13. Goldfarb, Robert S, 1995. "The Economist-as-Audience Needs a Methodology of Plausible Inference," Journal of Economic Methodology, Taylor and Francis Journals, vol. 2(2), pages 201-22, December.
  14. Stanley, T. D., 1991. "Let's get serious about Caprice," The Journal of Socio-Economics, Elsevier, vol. 20(1), pages 37-56. [Downloadable!] (restricted)
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