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The empirical economic growth literature is criticized for its lack of robustness. For different definitions of … robustness, conclusions vary from "almost every correlation is fragile" to "a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size and significance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10014117833
robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size andsignificance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10010324921
robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size andsignificance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10011255799
The empirical economic growth literature is criticized for its lack of robustness. For different definitions of … robustness, conclusions vary from 'almost every correlation is fragile' to 'a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size and significance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10005137163
This paper addresses the issue of outliers in finance-growth literature and provides a robust sensitivity analysis of some past studies and an updated data set. We employ the robust regression methods of median quantile regression and least trimmed squares. It shows that the findings of past...
Persistent link: https://www.econbiz.de/10013054552
We argue that in modelling cross-country growth models one should first identify so-called outlying observations. For the data set of Sala-i-Martin, we use the least median of squares (LMS) estimator to identify outliers. As LMS is not suited for inference, we then use reweighted least squares...
Persistent link: https://www.econbiz.de/10009781564
Persistent link: https://www.econbiz.de/10001663831
Uncertainty about the choice of identifying assumptions is common in causal studies, but is often ignored in empirical practice. This paper considers uncertainty over models that impose different identifying assumptions, which can lead to a mix of point‐ and set‐identified models. We propose...
Persistent link: https://www.econbiz.de/10012807735
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question what would happen if African countries were more...
Persistent link: https://www.econbiz.de/10010265984
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question “what would happen if African countries were more...
Persistent link: https://www.econbiz.de/10005034636