Lof, Matthijs; Mekasha, Tseday Jemaneh; Tarp, Finn - In: World Development 69 (2015) C, pp. 19-30
This study provides a replication of the empirical results reported by Nowak-Lehmann, Dreher, Herzer, Klasen, and Martínez-Zarzoso (2012) (henceforth NDHKM). We uncover that NDHKM relied on a regression model which included a log transformation of variables that are not strictly positive. This...