Are All Economic Hypotheses False?
The authors develop an estimator that allows them to calculate an upper bound to the fraction of unrejected null hypotheses tested in economics journal articles that are in fact true. Their point estimate is that none of the unrejected nulls in their sample is true. The authors reject the hypothesis that more than one-third are true. They consider three explanations for this finding: that all null hypotheses are mere approximations, that data-mining biases reported standard errors downward, and that journals tend to publish papers that fail to reject their null hypotheses only when the they are likely to be false. Copyright 1992 by University of Chicago Press.
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.:
- Christiano, Lawrence J. & Eichenbaum, Martin, 1990.
"Unit roots in real GNP: Do we know, and do we care?,"
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 32(1), pages 7-61, January.
- Lawrence J. Christiano & Martin Eichenbaum, 1989. "Unit roots in real GNP: do we know, and do we care?," Discussion Paper / Institute for Empirical Macroeconomics 18, Federal Reserve Bank of Minneapolis.
- Lawrence J. Christiano & Martin Eichenbaum, 1989. "Unit Roots in Real GNP: Do We Know, and Do We Care?," NBER Working Papers 3130, National Bureau of Economic Research, Inc.
- Lawrence J. Christiano & Martin Eichenbaum, 1990. "Unit roots in real GNP: do we know, and do we care?," Working Paper Series, Macroeconomic Issues 90-2, Federal Reserve Bank of Chicago.
- Hendry, David F, 1980. "Econometrics-Alchemy or Science?," Economica, London School of Economics and Political Science, vol. 47(188), pages 387-406, November. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:100:y:1992:i:6:p:1257-72. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)
If references are entirely missing, you can add them using this form.