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 Series
Suggested Citation
Temple, Jonathan R.W., Growth Regressions and What the Textbooks Don't Tell You (June 4, 1999). Available at SSRN: http://ssrn.com/abstract=167332 or doi:10.2139/ssrn.167332
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