Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85949
Authors: 
Florax, Raymond J.G.M.
de Groot, Henri L.F.
Heijungs, Reinout
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-040/3
Abstract: 
The empirical economic growth literature is criticized for its lack ofrobustness. For different definitions of robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are robust.' Were-analyze the empirical results of the economic growth literature for various alternativedefinitions of robustness using quasi-experiments. The analysis pertains to sign, size andsignificance of the effects, and we relax the quasi-experimental procedure by no longerapplying a set of 'fixed' variables. Response surface analyses of the quasi-experimentsreveal that the number of robust variables is limited, the effects crucially depend on thespecification of conditioning variables, and the default specification based on theconvergence/catch-up model is associated with estimated effects of conditioning variablesthat constitute outliers.
Subjects: 
economic growth
sensitivity analysis
robustness
response surface.
JEL: 
C52
C90
O11
O40
Document Type: 
Working Paper

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