Transparency in empirical economic research

Open science and research transparency can lead to improved credibility within empirical economic research, which represents a key input in economic policy design. Nonetheless, there remain concerns surrounding the costs associated with open science and the lack of incentives for transparent research. Despite these concerns, the potential benefits justify the efforts. Researchers and policymakers should thus pay close attention to recent developments in open research that may alleviate some of the main drawbacks, such as encouraging registered reports and editorial policies to promote transparent practices.