Abstract

This essay examines the role data and program-code archives in making economic research replicable. Replication published results is recognized as an essential part the scientific method. Yet, historically, both the demand and supply of replicable results in economics has been minimal. Respect for the scientific method is not sufficient to motivate either economists or editors professional journals to ensure the replicability published results. We enumerate the costs and benefits mandatory data and code archives, and argue that the benefits far exceed the costs. Progress has been made since the gloomy assessment Dewald, Thursby and Anderson some twenty 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 its published results.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call