Does economics add up? An introduction to meta-regression analysis
Meta-analysis is the statistical analysis of an entire empirical literature. It seeks to summarize, evaluate and analyse what we know about a given empirical question, phenomenon, or effect. Meta-regression analysis (MRA) is meta-econometrics, uses the very tools that produce economics research, and provides a rigorous, objective alternative to conventional narrative reviews in economics. MRA often reveals surprising truths about economics. To illustrate these methods, I discuss meta-analyses of the employment effect of the minimum wage, efficiency wages, the natural rate hypothesis and unemployment hysteresis, the last two of which provide a rigorous, empirical falsification of the natural rate hypothesis.
Volume (Year): 10 (2013)
Issue (Month): 2 ()
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