Does economics add up? An introduction to meta-regression analysis

T. Stanley

European Journal of Economics and Economic Policies: Intervention, 2013, vol. 10, issue 2, 207-220

Abstract: Meta-analysis is the statistical analysis of an entire empirical literature. It seeks to summarize, evaluate and analyse what we know about a given empirical question, phenomenon, or effect. Meta-regression analysis (MRA) is meta-econometrics, uses the very tools that produce economics research, and provides a rigorous, objective alternative to conventional narrative reviews in economics. MRA often reveals surprising truths about economics. To illustrate these methods, I discuss meta-analyses of the employment effect of the minimum wage, efficiency wages, the natural rate hypothesis and unemployment hysteresis, the last two of which provide a rigorous, empirical falsification of the natural rate hypothesis.

Keywords: meta-regression analysis; empirical economics; minimum wage; efficiency wage; natural rate hypothesis (search for similar items in EconPapers)
JEL-codes: E00 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:elg:ejeepi:v:10:y:2013:i:2:p207-220

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