Growth Regressions and What the Textbooks Don't Tell You.
The paper discusses three econometric problems that are rarely given adequate discussion in textbooks: model uncertainty, parameter heterogeneity, and outliers. Leamer's extreme bounds analysis can be adapted to address all three problems simultaneously. Two examples are presented based on an influential cross-country growth paper by Levine and Renelt (1992). Copyright 2000 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research
Year of publication: |
2000
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Authors: | Temple, Jonathan |
Published in: |
Bulletin of Economic Research. - Wiley Blackwell. - Vol. 52.2000, 3, p. 181-205
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Publisher: |
Wiley Blackwell |
Saved in:
Saved in favorites
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