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This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and...
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It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the variance of the error term appears as an explanatory variable in this growth equation. The variance in turn is modelled by a second equation. Hardly any of existing applications of...
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nonparametric two-stage least squares (or 2SLS) estimation method. To further improve estimation accuracy, we also construct a …
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determinants, dependent on one or both status variables in a local estimation. Afterwards, the well-known Solow (1956) model serves …
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