Paper abstract

Growth regressions and what the textbooks don't tell you

Bulletin of Economic Research, 52(3), July 2000, 181-205.

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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