Central Bank Independence and Growth: A Sensitivity Analysis

In this paper, the Levine-Renelt robustness test is employed to examine the robustness of the empirical relationship between growth and various proxies for central bank independence. Experiments are made with a wide variety of the most comprehensive systematic measures of central bank independence currently available. The Levine-Renelt test implies that growth is not robustly correlated with central bank independence.

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Year of publication:	1998
Authors:	Akhand, Hafiz A.
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 31.1998, 2, p. 303-317
Publisher:	Canadian Economics Association - CEA

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Extent:	text/html
Type of publication:	Article
Notes:	Published
Classification:	C21 - Cross-Sectional Models; Spatial Models ; E58 - Central Banks and Their Policies ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005608950