Department of Economics and Business Economics

Methods Used in Economic Research: An Empirical Study of Trends and Levels

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Methods Used in Economic Research: An Empirical Study of Trends and Levels. / Paldam, Martin.

In: Economics, Vol. 15, No. 1, 01.2021, p. 28-42.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

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Paldam M. Methods Used in Economic Research: An Empirical Study of Trends and Levels. Economics. 2021 Jan;15(1):28-42. doi: 10.1515/econ-2021-0003

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Bibtex

@article{409ebcea0e7042dab340d8b888824f52,
title = "Methods Used in Economic Research:: An Empirical Study of Trends and Levels",
abstract = "The methods used in economic research are analyzed on a sample of all 3,415 regular research papers published in 10 general interest journals every 5th yearfrom 1997 to 2017. The papers are classified into three main groups by method: theory, experiments, and empirics. The theory and empirics groups are almost equally large. Most empiric papers use the classical method, which derivesan operational model from theory and runs regressions. The number of papers published increases by 3.3% p.a. Two trends are highly significant: The fraction of theoretical papers has fallen by 26 pp (percentage points), while the fraction of papers using the classical method has increased by 15 pp. Economic theory predicts that such papers exaggerate, and the papers that have been analyzed by meta analysis confirm the prediction. It is discussed if other methods have smaller problems.",
keywords = "research methods; survey of journals",
author = "Martin Paldam",
year = "2021",
month = jan,
doi = "10.1515/econ-2021-0003",
language = "English",
volume = "15",
pages = "28--42",
journal = "Economics: the Open Access, Open Assessment,E-journal",
issn = "1864-6042",
publisher = "Kiel Institute for the world eceonomy, Leibniz Information Centre for Econimics",
number = "1",

}

RIS

TY - JOUR

T1 - Methods Used in Economic Research:

T2 - An Empirical Study of Trends and Levels

AU - Paldam, Martin

PY - 2021/1

Y1 - 2021/1

N2 - The methods used in economic research are analyzed on a sample of all 3,415 regular research papers published in 10 general interest journals every 5th yearfrom 1997 to 2017. The papers are classified into three main groups by method: theory, experiments, and empirics. The theory and empirics groups are almost equally large. Most empiric papers use the classical method, which derivesan operational model from theory and runs regressions. The number of papers published increases by 3.3% p.a. Two trends are highly significant: The fraction of theoretical papers has fallen by 26 pp (percentage points), while the fraction of papers using the classical method has increased by 15 pp. Economic theory predicts that such papers exaggerate, and the papers that have been analyzed by meta analysis confirm the prediction. It is discussed if other methods have smaller problems.

AB - The methods used in economic research are analyzed on a sample of all 3,415 regular research papers published in 10 general interest journals every 5th yearfrom 1997 to 2017. The papers are classified into three main groups by method: theory, experiments, and empirics. The theory and empirics groups are almost equally large. Most empiric papers use the classical method, which derivesan operational model from theory and runs regressions. The number of papers published increases by 3.3% p.a. Two trends are highly significant: The fraction of theoretical papers has fallen by 26 pp (percentage points), while the fraction of papers using the classical method has increased by 15 pp. Economic theory predicts that such papers exaggerate, and the papers that have been analyzed by meta analysis confirm the prediction. It is discussed if other methods have smaller problems.

KW - research methods; survey of journals

U2 - 10.1515/econ-2021-0003

DO - 10.1515/econ-2021-0003

M3 - Journal article

VL - 15

SP - 28

EP - 42

JO - Economics: the Open Access, Open Assessment,E-journal

JF - Economics: the Open Access, Open Assessment,E-journal

SN - 1864-6042

IS - 1

ER -