Specification and sensitivity analysis of cross-country growth regressions

被引:0
|
作者
Kalaitzidakis P. [1 ]
Mamuneas T.P. [2 ]
Stengos T. [3 ]
机构
[1] Department of Economics, University of Crete, Rethimno
[2] Department of Economics, University of Leicester, Leicester LE1 7RH, University Road
[3] Department of Economics, University of Guelph, Guelph
关键词
Growth regressions; Sensitivity analysis; Specification testing;
D O I
10.1007/s001810100108
中图分类号
学科分类号
摘要
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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页码:645 / 656
页数:11
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