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Persistence - myth and mystery


Voth, Hans-Joachim (2020). Persistence - myth and mystery. CEPR Discussion Papers 15417, Centre for Economic Policy Research.

Abstract

Is long-term economic persistence a myth? In this survey, I examine what has been learned from the wave of articles examining the persistence of economic phenomena. The article clarifies some of the concepts, distinguishes different strands of the literature, and questions the validity of recent critiques of persistence papers. While challenges in the form of misattribution and p-hacking abound, this survey concludes that persistence is real, and that future research should focus on mechanisms and the conditions under which persistence breaks down.

Abstract

Is long-term economic persistence a myth? In this survey, I examine what has been learned from the wave of articles examining the persistence of economic phenomena. The article clarifies some of the concepts, distinguishes different strands of the literature, and questions the validity of recent critiques of persistence papers. While challenges in the form of misattribution and p-hacking abound, this survey concludes that persistence is real, and that future research should focus on mechanisms and the conditions under which persistence breaks down.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Uncontrolled Keywords:Long-run persistence, spatial correlation, economic geography, culture
Language:English
Date:30 October 2020
Deposited On:02 Feb 2021 15:43
Last Modified:02 Feb 2021 15:46
Series Name:CEPR Discussion Papers
Number of Pages:34
ISSN:0265-8003
Additional Information:Auch publiziert als SSRN Working Paper No. 3729382
OA Status:Green
Official URL:https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15417
Related URLs:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3729382

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