AbstractThis 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 second, drawing inferences on long-run economic outcomes from cross-section and temporal variation in growth. We describe the main stylized facts that have motivated the development of growth econometrics, the major statistical tools that have been employed to provide structural explanations for these facts, and the primary statistical issues that arise in the study of growth data. An important aspect of the survey is attention to the limits that exist in drawing conclusions from growth data, limits that reflect model uncertainty and the general weakness of available data relative to the sorts of questions for which they are employed.
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Bibliographic InfoPaper provided by Wisconsin Madison - Social Systems in its series Working papers with number 18.
Date of creation: 2004
Date of revision:
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Postal: UNIVERSITY OF WISCONSIN MADISON, SOCIAL SYSTEMS RESEARCH INSTITUTE(S.S.R.I.), MADISON WISCONSIN 53706 U.S.A.
Other versions of this item:
- Johnson, Paul & Durlauf, Steven N & Temple, Johnathan R. W., 2004. "Growth Econometrics," Vassar College Department of Economics Working Paper Series 61, Vassar College Department of Economics.
- NEP-ALL-2005-10-16 (All new papers)
- NEP-DEV-2005-10-18 (Development)
- NEP-ECM-2005-10-18 (Econometrics)
- NEP-SOC-2005-10-16 (Social Norms & Social Capital)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Why thereâ??s no â??GrowthGate:â? Frustration vs. Chicanery in Explaining Growth
by William Easterly in Aid Watch on 2009-12-10 05:01:50
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