The Reinhart-Rogoff controversy as an instance of the ‘emerging contrary result’ phenomenon

Mariusz Maziarz

Abstract

The article proposes a new approach to the Reinhart–Rogoff affair. In contrast to the two explanations of the controversy put forward in existing literature, I argue that Growth in a Time of Debt and its criticism published by Herndon, Ash and Pollin (Does high public debt constantly stifle economic growth? A critique of Reinhart and Rogoff) exemplify the ‘emerging contrary result’ phenomenon (emerging recalcitrant result, ERR). Three arguments support this hypothesis. First, the infamous spreadsheet error did not cause the findings to differ. On the contrary, the results differed mostly due to employing alternative averaging schemes. Second, the cliometric techniques employed by both research teams are justified to a similar degree. Third, the pattern in the cliometric literature focused on the 90%-threshold hypothesis suggests that the Reinhart–Rogoff controversy exemplifies an ERR phenomenon caused by submission/publication bias.
Author Mariusz Maziarz (ES)
Mariusz Maziarz,,
- Faculty of Economic Sciences
Journal seriesJournal of Economic Methodology , ISSN 1350-178X, e-ISSN 1469-9427, (C 20 pkt)
Issue year2017
Vol24
No3
Pages213-225
Publication size in sheets0.6
Keywords in EnglishReinhart–Rogoff affair, emerging contrary result, ERR; cliometrics, empirical evidence; austerity
ASJC Classification2001 Economics, Econometrics and Finance (miscellaneous)
DOIDOI:10.1080/1350178X.2017.1302598
URL http://www.tandfonline.com/doi/full/10.1080/1350178X.2017.1302598
Languageen angielski
File
Maziarz_The_Reinhart_Rogoff_ controversy.pdf 450,23 KB
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 26-11-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2017 = 1.109; WoS Impact Factor: 2017 = 0.884 (2)
Citation count*15 (2019-12-08)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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