Does Benford’s Law hold in economic research and forecasting?

  title={Does Benford’s Law hold in economic research and forecasting?},
  author={Stefan G{\"u}nnel and Karl-Heinz T{\"o}dter},
First and higher order digits in data sets of natural and socio-economic processes often follow a distribution called Benford’s law. This phenomenon has been used in business and scientific applications, especially in fraud detection for financial data. In this paper, we analyse whether Benford’s law holds in economic research and forecasting. First, we examine the distribution of regression coefficients and standard errors in research papers, published in Empirica and Applied Economics Letters… 

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