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considered and re-estimated using a bivariate selectivity model. Our analysis suggests that sample selection bias could … sample selectivity. But the results obtained by Barro and Mauro are robust to sample selection bias …
Persistent link: https://www.econbiz.de/10012706477
This paper analyzes the link between growth and public policy when the latter depends on economically important fundamentals. When policy is endogenous the measured effects of policy on growth will generally be biased. Using a widely quoted theoretical model, the signs of the biases are derived....
Persistent link: https://www.econbiz.de/10002510137
labels this tendency ‘exponential growth bias.’ This article demonstrates that financial concepts are expressible as linear … rate and ignores the others. This myopia leads to the perception of bias …
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model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …
Persistent link: https://www.econbiz.de/10003380217
model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …
Persistent link: https://www.econbiz.de/10003884594
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