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The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 developed countries. Besides studying individual long-term trends of single countries using filtering techniques we also test for multiple structural breakpoints in the long-term...
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uncertainty, we use Least Trimmed Squares, a robust estimation technique, to identify outliers and investigate how they affect the … the sample than previously claimed, and that outliers affect the results. Nevertheless trust seems quite important …
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, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and …
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In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer...
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. We find that when outliers (especially China) are removed, the trust-growth relationship is no longer robust. On average …
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