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Researchers Unable To Replicate Findings of Published Economics Studies

Slashdot: Science - Fetched: October 7th, 2015, 8:00pm UTC

An anonymous reader writes: 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.pdiv class="share_submission" style="position:relative;" a class="slashpop" href="http://twitter.com/home?status=Researchers+Unable+To+Replicate+Findings+of+Published+Economics+Studies%3A+http%3A%2F%2Fbit.ly%2F1FTMV3H"img src="http://a.fsdn.com/sd/twitter_icon_large.png"/a a class="slashpop" href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fnews.slashdot.org%2Fstory%2F15%2F10%2F07%2F223246%2Fresearchers-unable-to-replicate-findings-of-published-economics-studies%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook"img src="http://a.fsdn.com/sd/facebook_icon_large.png"/a a class="nobg" href="http://plus.google.com/share?url=http://news.slashdot.org/story/15/10/07/223246/researchers-unable-to-replicate-findings-of-published-economics-studies?utm_source=slashdotamp;utm_medium=googleplus" onclick="javascript:window.open(this.href,'', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;"img src="http://www.gstatic.com/images/icons/gplus-16.png" alt="Share on Google+"//a /div/ppa href="http://news.slashdot.org/story/15/10/07/223246/researchers-unable-to-replicate-findings-of-published-economics-studies?utm_source=rss1.0moreanonamp;utm_medium=feed"Read more of this story/a at Slashdot./pimg src="http://feeds.feedburner.com/~r/Slashdot/slashdotScience/~4/TEes0Vt0Vms" height="1" width="1" alt=""/

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