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Incentivize Replication in Economics - Can Data Journals Help?

Presenter 1
Ralf Toepfer
ZBW Leibniz Information Centre for Economics

Though replications and reproducible research are the touchstones of the scientific method, up to now there are just a few published replications in the pages of economics journals. Even in cases where replication attempts fail in reproducing the results of original research paper, economists do not really seem to be particularly interested in such replications. The main reason is that replications do not lead to academic prestige. However, the awareness among researchers, that empirically-based research often is based on shaky grounds, has increased in the last years - not only in economics but also in sociology and psychology. The publication of positive and negative replication attempts can contribute to regain public trust and credibility in empirical economics' research. Against this background my talk will discuss how a data journal could incentivize replications in economics. I will present some studies which describe the outcome of replication attempts and discuss the meaning of failed replications in economics. As a possible way forward I will present the idea of establishing data journals to give a stronger incentive for Economists to conduct replication studies.

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