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I just ran four million regressions

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Abstract

In this paper I try to move away from the Extreme Bounds method of identifying ``robust'' empirical relations in the economic growth literature. Instead of analyzing the extreme bounds of the estimates of the coefficient of a particular variable, I analyze the entire distribution. My claim in this paper is that, if we do this, the picture emerging from the empirical growth literature is not the pessimistic ``Nothing is Robust'' that we get with the extreme bound analysis. Instead, we find that a substantial number of variables can be found to be strongly related to growth.

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Bibliographic Info

Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 201.

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Date of creation: Jan 1997
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Handle: RePEc:upf:upfgen:201

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Web page: http://www.econ.upf.edu/

Related research

Keywords: Economic growth; growth regressions; empirical determinants of economic growth;

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References

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  1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  2. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
  3. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
  4. Robert J. Barro & Jong-Wha Lee, 1993. "International Comparisons of Educational Attainment," NBER Working Papers 4349, National Bureau of Economic Research, Inc.
  5. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Note to Reinhart/Rogoff (et. al): The Cause Usually Precedes the Effect
    by Steve Roth in Angry Bear on 2013-04-19 08:49:03
  2. Penis size and growth
    by Economic Logician in Economic Logic on 2011-08-16 14:24:00
  3. Enquete: o melhor título de paper
    by Leonardo Monasterio in Blog do Leonardo Monasterio on 2009-02-28 11:31:00
  4. Poll: the best title for an Economics paper
    by Leonardo Monasterio in Leonardo Monasterio's Blog on 2009-02-28 11:40:00
  5. Currency Misalignments and Current Accounts
    by Mainly Macro in Mainly Macro on 2012-08-02 09:30:00
  6. Currency Misalignments and Current Accounts
    by Mainly Macro in Mainly Macro on 2012-08-02 09:30:00
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