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The role of data/code archives in the future of economic research

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Author Info

  • Richard Anderson
  • William Greene
  • B. D. McCullough
  • H. D. Vinod

Abstract

This essay examines the role of data and program-code archives in making economic research 'replicable.' Replication of published results is recognized as an essential part of the scientific method. Yet, historically, both the 'demand for' and 'supply of' replicable results in economics has been minimal. 'Respect for the scientific method' is not sufficient to motivate either economists or editors of professional journals to ensure the replicability of published results. We enumerate the costs and benefits of mandatory data and code archives, and argue that the benefits far exceed the costs. Progress has been made since the gloomy assessment of Dewald, Thursby and Anderson some 20 years ago in the American Economic Review, but much remains to be done before empirical economics ceases to be a 'dismal science' when judged by the replicability of its published results.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Journal of Economic Methodology.

Volume (Year): 15 (2008)
Issue (Month): 1 ()
Pages: 99-119

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Handle: RePEc:taf:jecmet:v:15:y:2008:i:1:p:99-119

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Related research

Keywords: replication; scientific method; data and program archives; B4; C8;

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Cited by:
  1. Graham A. Davis, 2012. "Replicating Sachs and Warner: The 1997 Working Paper," Working Papers 2012-08, Colorado School of Mines, Division of Economics and Business.
  2. A. Talha Yalta & A. Yasemin Yalta, 2012. "Should Economists Use Open Source Software for Doing Research?," Hacettepe University Department of Economics Working Papers 20127, Hacettepe University, Department of Economics.
  3. Sven Vlaeminck & Gert G. Wagner & Joachim Wagner & Dietmar Harhoff & Olaf Siegert, 2013. "Replizierbare Forschung in den Wirtschaftswissenschaften erhöhen – eine Herausforderung für wissenschaftliche Infrastrukturdienstleister," Working Paper Series of the German Council for Social and Economic Data 224, German Council for Social and Economic Data (RatSWD).
  4. Graham A. Davis, 2012. "Replicating "Sources of Slow Growth in African Economies"," Working Papers 2012-09, Colorado School of Mines, Division of Economics and Business.
  5. Kleiber, Christian & Zeileis, Achim, 2010. "The Grunfeld Data at 50," MPRA Paper 20841, University Library of Munich, Germany.
  6. Arne Henningsen & Géraldine Henningsen, 2011. "Econometric Estimation of the “Constant Elasticity of Substitution" Function in R: Package micEconCES," IFRO Working Paper 2011/9, University of Copenhagen, Department of Food and Resource Economics.
  7. Mueller-Langer, Frank & Andreoli-Versbach, Patrick, 2014. "Open Access to Research Data: Strategic Delay and the Ambiguous Welfare Effects of Mandatory Data Disclosure," Discussion Papers in Economics 21037, University of Munich, Department of Economics.
  8. Le Zhang & Andreas Ortmann, 2012. "A reproduction and replication of Engel’s meta-study of dictator game experiments," Discussion Papers 2012-44, School of Economics, The University of New South Wales.
  9. Ooms, M., 2008. "Trends in Applied Econometrics Software Development 1985-2008, an analysis of Journal of Applied Econometrics research articles, software reviews, data and code," Serie Research Memoranda 0021, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

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