Bazzi, Samuel; Clemens, Michael A. - In: American Economic Journal: Macroeconomics 5 (2013) 2, pp. 152-86
Concern has intensified in recent years that many instrumental variables used in widely-cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. We show how a range of published studies can offer more evidence that their results are not...