What have we learned from a decade of empirical research on growth? Growth Empirics and Reality
Abstract
This article questions current empirical practice in the study of growth. It argues that much of the modern empirical growth literature is based on assumptions about regressors, residuals, and parameters that are implausible from the perspective of both economic theory and the historical experiences of the countries under study. Many of these problems, it argues, are forms of violations of an exchangeability assumption that implicitly underlies...
Paper Details
Title
What have we learned from a decade of empirical research on growth? Growth Empirics and Reality
Published Date
Aug 1, 2001
Volume
15
Issue
2
Pages
229 - 272
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