Growth Regressions and What the Textbooks Don't Tell You

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

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Year of publication:	1999
Authors:	Temple, Jonathan
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Regressionsanalyse \| Regression analysis \| Wirtschaftswachstum \| Economic growth \| Modellierung \| Scientific modelling \| Ökonometrisches Modell \| Econometric model

Extent:	1 Online-Ressource (33 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 4, 1999 erstellt
Other identifiers:	10.2139/ssrn.167332 [DOI]
Classification:	C21 - Cross-Sectional Models; Spatial Models ; C50 - Econometric Modeling. General ; O40 - Economic Growth and Aggregate Productivity. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014191479