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Economics - Econometrics / Statistics | Empirical Economics-incl. option to publish open access (Societies)

Empirical Economics

Empirical Economics

Journal of the Institute for Advanced Studies, Vienna, Austria

Coordinating Editor: Robert M. Kunst
Editors: H.M. Anderson; B.H. Baltagi; S.C. Kumbhakar; M. Lechner

ISSN: 0377-7332 (print version)
ISSN: 1435-8921 (electronic version)

Journal no. 181

Empirical Economics Lawrence R. Klein Award 

for outstanding papers in the field of Empirical Economics
This biannual prize is awarded for the best paper published in the journal Empirical Economics.
The Empirical Economics Springer prize was awarded for the first time by Springer in 2006, and was renamed in honor of the Nobel prize winner Lawrence R. Klein in 2013.
For further information, please see the announcement on the right-hand side.
The next Lawrence R. Klein Award will be awarded in 2016 for the best paper in 2014/2015.

Just awarded: 

2012/2013 Lawrence R. Klein Award to

Wang-Sheng Lee, School of Accounting, Economics and Finance, Deakin University, Burwood, Australia
for his paper
“Propensity score matching and variations on the balancing test”
published in Empirical Economics, volume 44, issue 1, DOI 10.1007/s00181-011-0481-0
Balancing tests are diagnostics designed for use with propensity score methods, a widely used non-experimental approach in the evaluation literature. Such tests provide useful information on whether plausible counterfactuals have been created. Currently, multiple balancing tests exist in the literature but it is unclear which is the most useful. This article highlights the poor size properties of commonly employed balancing tests and attempts to shed some light on the link between the results of balancing tests and bias of the evaluation estimator. The simulation results suggest that in scenarios where the conditional independence assumption holds, a permutation version of the balancing test described in Dehejia and Wahba (Rev Econ Stat 84:151–161, 2002) can be useful in applied study. The proposed test has good size properties. In addition, the test appears to have good power for detecting a misspecification in the link function and some power for detecting an omission of relevant non-linear terms involving variables that are included at a lower order.

Former Awards: 

2010/2011 Lawrence R. Klein Award to

Nattavudh Powdthavee, London School of Economics, United Kingdom
for his paper
“How Much does Money Really Matter? Estimating the Causal Effects of Income on Happiness”
published in Empirical Economics, volume 39, issue 1, August 2010, DOI 10.1007/s00181-009-0295-5

2008/2009 SpringerAward

Tomson Ogwang, Department of Economics, Brock University, Canada and
Danny I. Cho, Faculty of Business, Brock University, Canada
for their paper
Economic determinants of the consumption of alcoholic beverages in Canada: a panel data analysis”
published in Empirical Economics, volume 37, issue 3, December 2009 DOI 10.1007/s00181-008-0248-4

2006/2007 SpringerAward

Luc Anselin, School of Geographical Sciences, Arizona State University and
Nancy Lozano-Gracia, Spatial Analysis Laboratory (SAL) and Department of Agricultural and Consumer Economics, University of Illinois, Urbana
for the best paper presented at the International Workshop on Spatial Econometrics and Statistics, May 25-27, 2006 in Rome
"Errors in Variables and Spatial Effects in Hedonic House Price Models of Ambient Air Quality"; published in Empirical Economics, Special Issue on Spatial Econometrics, volume 34, issue 1, February 2008
DOI 10.1007/s00181-007-0152-3



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  • Aims and Scope

    Aims and Scope


    Empirical Economics publishes high quality papers using econometric or statistical methods to fill the gap between economic theory and observed data. Papers explore such topics as estimation of established relationships between economic variables, testing of hypotheses derived from economic theory, treatment effect estimation, policy evaluation, simulation, forecasting, as well as econometric methods and measurement.

    Empirical Economics emphasizes the replicability of empirical results. Replication studies of important results in the literature - both positive and negative results - may be published as short papers in Empirical Economics. Authors of all accepted papers and replications are required to submit all data and codes prior to publication (for more details, see: Instructions for Authors).

    The journal follows a single blind review procedure. In order to ensure the high quality of the journal and an efficient editorial process, a substantial number of submissions that have very poor chances of receiving positive reviews are routinely rejected without sending the papers for review.

    Officially cited as: Empir Econ

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