Growth Regressions and What the Textbooks Don't Tell You

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Growth Regressions and What the Textbooks Don't Tell You

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Temple, Jonathan

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Jonathan Temple

Abstract

The paper discusses three econometric problems that are rarely given adequate discussion in textbooks: model uncertainty, parameter heterogeneity, and outliers. Leamer's extreme bounds analysis can be adapted to address all three problems simultaneously. Two examples are presented based on an influential cross-country growth paper by Levine and Renelt (1992). Copyright 2000 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

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Article provided by Blackwell Publishing in its journal Bulletin of Economic Research.

Volume (Year): 52 (2000)
Issue (Month): 3 (July)
Pages: 181-205
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Handle: RePEc:bla:buecrs:v:52:y:2000:i:3:p:181-205

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This page was last updated on 2009-10-25.

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