New Data, New Results? How Data Sources and Vintages Affect the Replicability of Research
Macroeconomic variables like unemployment, inflation, trade, or GDP are not set in stone: they are preliminary estimates that are constantly revised by statistical agencies. These data revisions, or data vintages, often provide conflicting information about the size of a country’s economy or its level of development, reducing our confidence in established findings. Would researchers come to different conclusions if they used different vintages? To answer this question, I survey all articles published in a top political science journal between 2005 and 2020. I replicate three prominent articles and find that the use of different vintages can lead to different statistical results, calling into question the robustness of otherwise rigorous empirical research. These findings have two practical implications. First, researchers should always be transparent about their data sources and vintages. Second, researchers should be more modest about the precision and accuracy of their point estimates, since these estimates can mask large measurement errors.