A Replication of "Meta-Analysis of the Effect of Fiscal Policies on Long-Run Growth" (European Journal of Political Economy, 2004)
W. Reed () and
Nurul Sidek
Working Papers in Economics from University of Canterbury, Department of Economics and Finance
Abstract:
This study replicates Nijkamp & Poot (2004), henceforth N&P, and performs a variety of robustness checks. Using a sample of fiscal policy studies published between 1983-1998, N&P concluded that certain types of fiscal policies were more likely to confirm prior beliefs about their impact on economic growth than others. N&P also identified study attributes that impacted the likelihood of confirmation. We first demonstrate that we are able to exactly replicate their findings. We then attempt an alternative replication, returning to the original studies, and independently categorizing them using N&P’s general classification scheme. We also investigate the implications of a number of methodological improvements on their analysis. Our analysis produces results that are qualitatively similar to N&P, though very few of our results are statistically significant. We use the lessons learned from this replication effort to suggest directions for future meta-analysis studies on the subject of fiscal policy and economic growth.
Keywords: Meta-analysis; Fiscal Policy; Economic Growth; Generalized Ordered Logit (search for similar items in EconPapers)
JEL-codes: C25 E62 H5 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2013-09-29
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:13/33
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