Specification and sensitivity analysis of cross-country growth regressions

We compare the sensitivity analysis of cross-country growth regressions based on extreme bounds analysis to a more direct specification testing approach using non-nested hypotheses tests. The results suggest that those specifications that are adequate are also those that include two of the only few conditioning variables that are found to be robust, namely the standard deviation of inflation and the standard deviation of domestic credit.

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Year of publication:	2002-07-29
Authors:	Stengos, Thanasis ; Mamuneas, Theofanis P. ; Kalaitzidakis, Pantelis
Published in:	Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 27.2002, 4, p. 645-656
Publisher:	Department of Economics and Finance Research and Teaching
Subject:	Specification Testing \| Sensitivity Analysis \| Growth Regressions

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: November 2000/Final Version Received: May 2001
Classification:	C14 - Semiparametric and Nonparametric Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005758406