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Reproducible Econometric Simulations

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  • Christian Kleiber
  • Achim Zeileis

Abstract

Reproducibility of economic research has attracted considerable attention in recent years. So far, the discussion has focused on reproducibility of empirical analyses. This paper addresses a further aspect of reproducibility, the reproducibility of computational experiments. We examine the current situation in econometrics and derive a set of guidelines from our findings. To illustrate how computational experiments could be conducted and reported we present an example from time series econometrics that explores the finite-sample power of certain structural change tests.

Suggested Citation

  • Christian Kleiber & Achim Zeileis, 2011. "Reproducible Econometric Simulations," Working Papers 2011-02, Faculty of Economics and Statistics, Universität Innsbruck.
    • Handle: RePEc:inn:wpaper:2011-02
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    References listed on IDEAS

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    Cited by:

    1. Christian Zimmermann, 2015. "On the Need for a Replication Journal," Working Papers 2015-16, Federal Reserve Bank of St. Louis.
    2. Burgard Jan Pablo & Dieckmann Hanna & Krause Joscha & Merkle Hariolf & Münnich Ralf & Neufang Kristina M. & Schmaus Simon, 2020. "A generic business process model for conducting microsimulation studies," Statistics in Transition New Series, Statistics Poland, vol. 21(4), pages 191-211, August.
    3. Jan Pablo Burgard & Hanna Dieckmann & Joscha Krause & Hariolf Merkle & Ralf Münnich & Kristina M. Neufang & Simon Schmaus, 2020. "A generic business process model for conducting microsimulation studies," Statistics in Transition New Series, Polish Statistical Association, vol. 21(4), pages 191-211, August.

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    More about this item

    Keywords

    computational experiment; reproducibility; simulation; software.;
    All these keywords.

    JEL classification:

    • C - Mathematical and Quantitative Methods

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