Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/7460
Title: Should Economists Use Open Source Software for Doing Research?
Authors: Yalta, Abdullah Talha
Yalta, Ayşe Talha
Keywords: Open source
Econometric software
Gretl
Accuracy
Software reliability
Issue Date: 2010
Publisher: Springer
Abstract: We survey the literature on the accuracy of econometric software. We also assess the advantages of open source software from the point of view of reliability and discuss its potential in applied economics, which has now become fully dependent on computers. As a case study, we apply various accuracy tests on GNU Regression, Econometrics and Time-series Library (gretl) and demonstrate that the open source nature of the program made it possible to see the cause, facilitated a rapid fix, and enabled verifying the correction of a number of flaws that we uncovered. We also run the same tests on four widely-used proprietary econometric packages and observe the known accuracy errors that remained uncorrected for more than 5 years.
URI: https://doi.org/10.1007/s10614-010-9204-4
https://hdl.handle.net/20.500.11851/7460
ISSN: 0927-7099
1572-9974
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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