Rommel, Jens
- Department of Economics, Swedish University of Agricultural Sciences
Research article2020Peer reviewedOpen access
Rommel, Jens; Weltin, Meike
McCloskey and Ziliak analyzed two decades of econometric practice in the American Economic Review (AER). We review the arguments and develop a questionnaire, applying it to three Agricultural Economics journals and the AER. Statistical practice improved over time, but a greater focus on economic significance is still needed. Considering the power of tests and discussing the economic consequences of type I and type II error were rarely practiced. The AER and the American Journal of Agricultural Economics did not substantially differ in their performance. We discuss examples of statistical practice and conclude with implications for the publication process and teaching.
Econometrics; Economic significance; Methodology; P-hacking; Statistics
Applied Economic Perspectives and Policy
2020, Volume: 43, number: 3, pages: 1176-1191
Economics
Economic History
DOI: https://doi.org/10.1002/aepp.13050
https://res.slu.se/id/publ/105089