Three 'Rs' of Econometrics: Repetition, Reproduction and Replication

Development economics has become increasingly quantified in recent years, reflecting the aspirations of economists to practise hard science. We argue that standard applied econometric methodology lacks one key feature of the claim of science to be scientific, namely replication as part of independen...

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Bibliographic Details
Published inThe Journal of development studies Vol. 49; no. 12; pp. 1607 - 1614
Main Authors Camfield, Laura, Palmer-Jones, Richard
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.12.2013
Taylor & Francis Ltd
Subjects
Applied economics
Development economics
Econometrics
Economic Development
Economists
Evidence Based Practice
Methodology
Policy making
Quantitative analysis
United Kingdom
United Kingdom > UK
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Summary:Development economics has become increasingly quantified in recent years, reflecting the aspirations of economists to practise hard science. We argue that standard applied econometric methodology lacks one key feature of the claim of science to be scientific, namely replication as part of independent confirmation of findings. Replication plays a large role in understanding the confidence we can place in the quantitative studies on which much policy advice rests, which is particularly salient in a UK context given the emphasis placed on evidence-based policy-making by the UK Department for International Development.
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ISSN:0022-0388
1743-9140
DOI:10.1080/00220388.2013.807504