IDEAS home Printed from https://ideas.repec.org/a/bpj/bejmac/vtopics.6y2006i2n13.html
   My bibliography  Save this article

A Refinement in the Specification of Empirical Macroeconomic Models as an Extension to the EBA Procedure

Author

Listed:
  • Edwards Jeffrey A

    (North Carolina A & T State University)

  • Sams Alfred

    (Texas Tech University)

  • Yang Benhua

    (Texas Tech University)

Abstract

Ross Levine and David Renelt's (LR) paper [1992] investigate the "robustness" of the relationship between growth, investment, and variables of interest using Leamer's [1985] Extreme Bounds Analysis (EBA). LR claim that few economic variables have a robust relationship with either long-run cross-country growth rates or investment's share of GDP. As something resembling an extension of McAleer et al. [1985] and Hoover and Perez [2004], we use a battery of statistical tests to search for models that may be less subject to specification error. We conclude that there are alternative models based on LR that have better statistical properties as well as give rather different results.

Suggested Citation

  • Edwards Jeffrey A & Sams Alfred & Yang Benhua, 2006. "A Refinement in the Specification of Empirical Macroeconomic Models as an Extension to the EBA Procedure," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(2), pages 1-26, October.
    • Handle: RePEc:bpj:bejmac:v:topics.6:y:2006:i:2:n:13
    DOI: 10.2202/1534-5998.1410
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1534-5998.1410
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.2202/1534-5998.1410?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. cole, Chip & Edwards, Jeffrey A., 2010. "Competition on MARS? A study of broker-dealer competition in the U.S. municipal auction rate securities market," MPRA Paper 36444, University Library of Munich, Germany.
    2. Edwards, Jeffrey A. & Kasibhatla, Krishna, 2009. "Dynamic heterogeneity in cross-country growth relationships," Economic Modelling, Elsevier, vol. 26(2), pages 445-455, March.
    3. Beck Thorsten & Büyükkarabacak Berrak & Rioja Felix K. & Valev Neven T., 2012. "Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-46, March.
    4. Jeffrey Edwards & Frank Thames, 2010. "Growth volatility and the interaction between economic and political development," Empirical Economics, Springer, vol. 39(1), pages 183-201, August.
    5. Neil R. Ericsson, 2008. "The Fragility of Sensitivity Analysis: An Encompassing Perspective," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(s1), pages 895-914, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:bejmac:v:topics.6:y:2006:i:2:n:13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.