The Empirical Economic Growth Literature
AbstractThe empirical economic growth literature is criticized for its lack ofrobustness. For different definitions of robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are robust.' Were-analyze the empirical results of the economic growth literature for various alternativedefinitions of robustness using quasi-experiments. The analysis pertains to sign, size andsignificance of the effects, and we relax the quasi-experimental procedure by no longerapplying a set of 'fixed' variables. Response surface analyses of the quasi-experimentsreveal that the number of robust variables is limited, the effects crucially depend on thespecification of conditioning variables, and the default specification based on theconvergence/catch-up model is associated with estimated effects of conditioning variablesthat constitute outliers.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 02-040/3.
Date of creation: 22 Apr 2002
Date of revision: 31 Oct 2003
Contact details of provider:
Web page: http://www.tinbergen.nl
economic growth; sensitivity analysis; robustness; response surface.;
Find related papers by JEL classification:
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Sergio J. Rey & Boris Dev, 2004. "Sigma-convergence in the presence of spatial effects," Urban/Regional 0404008, EconWPA, revised 22 Apr 2004.
- Bengtsson, Mikael & Berggren, Niclas & Jordahl, Henrik, 2005.
"Trust and Growth in the 1990s - A Robustness Analysis,"
Working Paper Series
2005:1, Uppsala University, Department of Economics.
- Bengtsson, Mikael & Berggren, Niclas & Jordahl, Henrik, 2005. "Trust and Growth in the 1990s: A Robustness Analysis," Ratio Working Papers 60, The Ratio Institute.
- Sjoerd Beugelsdijk & Henri L.F. de Groot & Anton B.T.M. van Schaik, 2002. "Trust and Economic Growth," Tinbergen Institute Discussion Papers 02-049/3, Tinbergen Institute.
- Baliamoune, Mina N., 2002. "Assessing the Impact of One Aspect of Globalization on Economic Growth in Africa," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Roberto Leon-Gonzalez & Daniel Montolio, 2004.
"Growth, convergence and public investment. A Bayesian model averaging approach,"
Taylor and Francis Journals, vol. 36(17), pages 1925-1936.
- Roberto Leon Gonzalez & Daniel Montolio Estivill, 2003. "Growth, Convergence and Public Investment. A Bayesian Model Averaging Approach," Working Papers in Economics 106, Universitat de Barcelona. Espai de Recerca en Economia.
- Roberto León-González & Daniel Montolio, . "Growth, Convergence And Public Investment. A Bayesian Model Averaging Approach," Working Papers 13-03 Classification-JEL , Instituto de Estudios Fiscales.
- Östbye, Stein & Westerlund, Olle, 2004. "Productivity convergence across industries and regions in Norway and Sweden," UmeÃ¥ Economic Studies 632, Umeå University, Department of Economics.
- Berggren, Niclas & Elinder, Mikael & Jordahl, Henrik, 2007.
"Trust and Growth: A Shaky Relationship,"
Working Paper Series
705, Research Institute of Industrial Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antoine Maartens (+31 626 - 160 892)).
If references are entirely missing, you can add them using this form.