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Should Economists Use Open Source Software for Doing Research?

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Author Info

  • A. Yalta

    ()

  • A. Yalta

    ()

Abstract

We survey the literature on the accuracy of econometric software. We also assess the advantages of open source software from the point of view of reliability and discuss its potential in applied economics, which has now become fully dependent on computers. As a case study, we apply various accuracy tests on gretl (GNU Regression, Econometrics and Time-series Library) and demonstrate that the open source nature of the program made it possible to see the cause, facilitated a rapid fix, and enabled verifying the correction of a number of flaws that we uncovered. We also run the same tests on four widely-used proprietary econometric packages and observe the known accuracy errors that remained uncorrected for more than five years.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s10614-010-9204-4
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Bibliographic Info

Article provided by Society for Computational Economics in its journal Computational Economics.

Volume (Year): 35 (2010)
Issue (Month): 4 (April)
Pages: 371-394

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Handle: RePEc:kap:compec:v:35:y:2010:i:4:p:371-394

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Web page: http://www.springerlink.com/link.asp?id=100248
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Related research

Keywords: Open source; Econometric software; Gretl; Accuracy; Software reliability;

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References

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. On the advantages of open-source econometrics
    by Economic Logician in Economic Logic on 2012-02-13 15:08:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Rodolphe Buda, 2013. "SIMUL 3.2: An Econometric Tool for Multidimensional Modelling," Computational Economics, Society for Computational Economics, vol. 41(4), pages 517-524, April.
  2. Ignacio Díaz-Emparanza & Petr Mariel & María Victoria Esteban (ed.), 2009. "Econometrics with gretl. Proceedings of the gretl Conference 2009," UPV/EHU Books, Universidad del País Vasco - Facultad de Ciencias Económicas y Empresariales, edition 1, number 01.
  3. Luc Anselin, 2012. "From SpaceStat to CyberGIS," International Regional Science Review, , vol. 35(2), pages 131-157, April.
  4. A. Talha Yalta & A. Yasemin Yalta, 2009. "Wilkinson Tests and gretl," EHUCHAPS, Universidad del País Vasco - Facultad de Ciencias Económicas y Empresariales.
  5. repec:asg:wpaper:1047 is not listed on IDEAS

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