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Blunt Instruments: On Establishing the Causes of Economic Growth

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  • Samuel Bazzi

Abstract

Despite intense concern that many instrumental variables used in growth regressions may be invalid, or both, top journals studies of economic growth based on problematic instruments. doing so risks pushing the entire literature closer to irrelevance. This article illustrates hidden problems with identification in recent prominently published and widely cited growth studies using their original data and urges researchers to take steps to overcome the shortcomings.

Suggested Citation

  • Samuel Bazzi, 2009. "Blunt Instruments: On Establishing the Causes of Economic Growth," Working Papers id:2024, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:2024
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    File URL: http://www.eSocialSciences.com/data/articles/Document1462009110.3110163.pdf
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    Keywords

    economic growth; capital; macroeconomy; macroeconomic policy; regression models for growth; Economics;
    All these keywords.

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