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September 28, 2025Stats0 citationsOpen Access

An Overview of Economics and Econometrics Related R Packages

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DMDespina MichelakiMTMichail TsagrisCAChristos Adam

Key Points

  • The analysis reveals that most econometrics-related R packages are developed by teams in Europe and North America.
  • Findings show that mid-sized collaborations and packages with vignettes are more likely to achieve journal publication.
  • Growth in R package development has accelerated since 2010, yet newer packages show fewer updates.
  • The importance of broader participation and methodological diversity in R econometrics is emphasized for sustainable growth.

Abstract

This study provides a systematic overview of 207 econometrics-related R packages identified through CRAN and the Econometrics Task View. Using descriptive and inferential statistics and text mining to compute the word frequency and association among words (n-grams and correlations), we evaluate the development patterns, documentation practices, publication outcomes, and methodological scope. The findings reveal that most packages are created by small-to-mid-sized teams in Europe and North America, with mid-sized collaborations and packages including vignettes being significantly more likely to achieve journal publication. While reverse dependencies indicate strong ecosystem integration, they do not predict publication, and Bayesian or dataset-only packages remain underrepresented. Growth has accelerated since 2010, but newer packages exhibit fewer updates, raising concerns about sustainability. These findings highlight both the central role of R in contemporary econometrics and the need for broader participation, methodological diversity, and long-term maintenance.

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Cite This Study

Michelaki et al. (2025) studied this question.

synapsesocial.com/papers/68d9052941e1c178a14f58a2https://doi.org/10.3390/stats8040085
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