Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/96630 
Erscheinungsjahr: 
2014
Quellenangabe: 
[Journal:] Journal of macroeconomics [ISSN:] 0164-0704 [Volume:] 39 [Issue:] A [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2014 [Pages:] 85-96
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
In multiple regressions, explanatory variables with simple correlation coefficients with the dependent variable below 0.1 in absolute value (such as aid/gross domestic product (GDP) with GDP growth) face a problem of parameter identification. They may have very large, statistically significant, estimated parameters which are unfortunately "outliers driven" and spurious. This is obtained by including another regressor which is highly correlated with the initial regressor, such as a lag, a square or interaction terms of this regressor. The analysis is applied on the "Gambia and Botswana outliers driven" Burnside and Dollar [2000] article which found that aid/GDP had an effect on growth only for countries achieving "good" macroeconomic policies.
Schlagwörter: 
spurious regression
identification
hypothesis testing
near-multicollinearity
conditional independence
foreign aid
economic growth
JEL: 
C12
O19
P45
DOI der veröffentlichten Version: 
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)
Erscheint in der Sammlung:

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.