Publikationstyp: | Working Paper/Technical Report |
URI (zitierfähiger Link): | http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-16757 |
Autor/innen: | Sturm, Jan-Egbert; Haan, Jakob de |
Erscheinungsjahr: | 2005 |
Schriftenreihe: | Research paper series / Thurgauer Wirtschaftsinstitut ; 12 |
Zusammenfassung: |
Two important problems exist in cross-country growth studies: outliers and model uncertainty. Employing Sala-i-Martin’s (1997a,b) data set, we first use robust estimation and analyze to what extent outliers influence OLS regressions. We then use both OLS and robust estimation techniques in applying the Extreme Bounds Analysis (EBA) to deal with the problem of model uncertainty. We find that the use of robust estimation affects the list of variables that are significant determinants of economic growth. Also the magnitude of the impact of these variables differs sometimes under the various approaches.
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JEL-Klassifikation: | C52; C21; O4 |
Fachgebiet (DDC): | 330 Wirtschaft |
Normierte Schlagwörter (GND): | Ausreißer <Statistik>, Wirtschaftswachstum, Robuste Schätzung, Sensitivitätsanalyse |
Schlagwörter: | sensitivity analysis, outliers, economic growth, robust estimation |
Link zur Lizenz: | Nutzungsbedingungen |
STURM, Jan-Egbert, Jakob de HAAN, 2005. Determinants of Long-term Growth : new Results Applying Robust Estimation and Extreme Bounds
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