[Irtalk] Researchers Unable To Replicate Findings of Published Economics Studies - Slashdot

[Hilton Gibson]

Federal Reserve economists Andrew Chang and Phillip Li looked at 67 papers
in 13 reputable academic journals. Their findings were shocking. Without
the help of the authors, only a third of the results could be independently
replicated. Even with the author's help, only about half, or 49%, could.
Business Insider reports: "It's a pretty massive issue for economics,
especially given the impact that the subject has on public policy. Li and
Chang use a well-known paper by Carmen Reinhart and Ken Rogoff as an
example. The study showed a significant growth drop-off once a country's
national debts reached 90% of gross domestic product, but three years after
being published the study was found to contain a significant Microsoft
Excel error that changed the magnitude of the effect."
*With cancer studies and most recently psychology studies all having
replication trouble, these economics papers have some company.*

http://news.slashdot.org/story/15/10/07/223246/researchers-unable-to-replicate-findings-of-published-economics-studies
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