Specification and sensitivity analysis of cross-country growth regressions

Thanasis Stengos (), Theofanis P. Mamuneas () and Pantelis Kalaitzidakis

Empirical Economics, 2002, vol. 27, issue 4, pages 645-656

Abstract: 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.

Keywords: Specification; Testing; ·; Sensitivity; Analysis; ·; Growth; Regressions. (search for similar items in EconPapers)
JEL-codes: C14 (search for similar items in EconPapers)
Date: 2002-07-29
Note: Received: November 2000/Final Version Received: May 2001
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