Mostly harmless econometrics? Statistical paradigms in the ‘top five’ from 2000 to 2018

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

We explore the connection between four major inferential paradigms in statistical science and inferential practice in current econometrics. We develop the argument that econometrics is still largely characterized by John Stuart Mill’s conception of statistical inference from data, who saw a distinction between ‘theorists’ and ‘practical men’. We follow up with a review of all empirical papers published in the Top 5 economics journals in the period 2000–2018 (N = 2,258). In spite of Rodrik’s [(2015). Economics rules: The rights and wrongs of the dismal science. W. W. Norton & Company] much-debated notion of economics that sees issues of model selection at the core of the discipline, the ‘theory first’ / ‘pre-eminence of theory’ approach vastly dominates in the sample (94.0%). When model selection and model uncertainty is accounted for, this largely happens under the frequentist statistical paradigm. This finding may be explained by frequentism’s special role as an ‘orientational paradigm’ (Hoyningen-Huene and Kincaid, [2023]. What makes economics special: Orientational paradigms. Journal of Economic Methodology, 30(2), 188–202) in economics.

OriginalspracheEnglisch
ZeitschriftJournal of Economic Methodology
ISSN1350-178X
DOIs
PublikationsstatusElektronische Veröffentlichung vor Drucklegung - 03.03.2025

Bibliographische Notiz

Publisher Copyright:
© 2025 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.

DOI

Zuletzt angesehen

Publikationen

  1. Canopy structure influences arthropod communities within and beyond tree identity effects
  2. Web 2.0 Tasks in Action
  3. Methodological support for the selection of simplified equations of state for modeling technical fluids
  4. Transfer operator-based extraction of coherent features on surfaces
  5. What is missing in the EVS?
  6. When it really counts
  7. Diversity: Konzept. Programmatik. Praxis.
  8. Exploring the implications of the value concept for performance assessment of sustainable business models
  9. Tree species identity, canopy structure and prey availability differentially affect canopy spider diversity and trophic composition
  10. Controlling a Bank Model Economy by Sliding Mode Control with Help of Kalman Filter
  11. Maladaptive working time strategies and exhaustion: A daily diary study on violating breaks, working faster, and working overtime
  12. Lernen in Netzwerken
  13. Negotiation complexity
  14. Negotiating Standards and Songwriting Myths in the Age of Platformisation: Sessions, Camps, and Their Functional Rules and (Media) Formats
  15. Model-based Analysis of Reassembly Processes within the Regeneration of Complex Capital Goods
  16. Learning Online: A Comparison of Different Media Types
  17. On the Equivalence of Transmission Problems in Nonoverlapping Domain Decomposition Methods for Quasilinear PDEs
  18. Computing Consumer Sentiment in Germany via Social Media Data
  19. How do distinct facets of tree diversity and community assembly respond to environmental variables in the subtropical Atlantic Forest?
  20. On Software, or the Persistence of Visual Knowledge.
  21. Dispute and morality in the perception of societal risks: extending the psychometric model
  22. Systematic learning in water governance: insights from five local adaptive management projects for water quality innovation
  23. Do Linguistic Features Influence Item Difficulty in Physics Assessments?
  24. Does participatory governance help address long-term environmental problems?
  25. To Own or to Use?
  26. Online Network Impedance Identification with Wave-Package and Inter-Harmonic Signals
  27. Union membership and age: the inverted u-shape hypothesis under test
  28. Synthesis of Room-Temperature Ionic Liquids with the Weakly Coordinating [Al(ORF)(4)](-) Anion (R-F = C(H)(CF3)(2)) and the Determination of Their Principal Physical Properties
  29. The more severe the merrier: Severity of error consequences stimulates learning from error
  30. Digitalisierung und Differenzierung
  31. Credit Constraints and the Extensive Margins of Exports
  32. Differential Steering System for Vehicular Yaw Tracking Motion with Help of Sliding Mode Control