 Les liaisons fallacieuses: quasi-colinéarité et "suppresseur classique", aide au développement et croissanceJean-Bernard Chatelain and Kirsten Ralf Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL Abstract: This paper shows that a multiple regression with two highly correlated explanatory variables, both of them with a near zero correlation with the dependent variable may correspond to a spurious regression or to a homeostatic model, with estimates highly sensible to outliers. The regression method does not allow how to decide which one of the two models is relevant. Statistical significance of the (very high) parameters is easily obtained, as shown doing Monte Carlo simulations. An example is provided by the Burnside and Dollar [2000] article on aid, policies and growth. Keywords: Spurious regression; near-multicollinearity; classical suppressor; parameter inflation factor (PIF); aid; economic growth; suppresseur classique; Régression fallacieuse; quasi-colinéarité; "suppresseur classique"; facteur d'inflation d'un paramètre; aide au développement; croissance économique (search for similar items in EconPapers) Published in Revue Economique, 2012, 63 (3), pp.557-568. ⟨10.3917/reco.633.0557⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00686765 Access Statistics for this paper More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL |
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