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Growth Regressions and What the Textbooks Don't Tell You
Jonathan R.W. Temple University of Bristol - Department of Economics; Centre for Structural Econometrics; Centre for Economic Policy Research (CEPR) June 4, 1999 Abstract: In this paper I discuss three econometric problems that are rarely given adequate discussion in textbooks: model uncertainty, parameter heterogeneity, and outliers. I show how Leamer's extreme bounds analysis can be adapted to address all three problems simultaneously, and present two examples based on an influential cross-country growth paper by Levine and Renelt.
JEL Classifications: C21, C50, O40 Working Paper SeriesDate posted: July 26, 1999 ; Last revised: July 26, 1999Suggested CitationContact Information
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