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This paper examines Lionel Robbins' critical attitude towards formal empirical work from the standpoint of modern econometrics. It argues that his attitude towards empirical work rested on indefensible assumptions and that he failed to realise that the role he saw for empirical work undermined...
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Prepared for Annual Reviews of Economics.
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This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...
Persistent link: https://www.econbiz.de/10004980321
Do variations in the degree of religiosity across countries translate into predictable differences in cross-country growth experiences? We apply a model averaging procedure to investigate the empirical robustness of linkages between religiosity and growth when other fundamental growth...
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This article explores the state of interplay between recent efforts to introduce complex systems methods into economics and the understanding of empirical phenomena. The empirical side of economic complexity may be divided into three general branches: historical studies, the identification of...
Persistent link: https://www.econbiz.de/10005072398
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10005088677