Blunt Instruments: On Establishing the Causes of Economic Growth
Published By: CGD on eSS | Published Date: May, 20 , 2009Despite intense concern that many instrumental variables used in growth regressions may be invalid, or both, top journals studies of economic growth based on problematic instruments. doing so risks pushing the entire literature closer to irrelevance. This article illustrates hidden problems with identification in recent prominently published and widely cited growth studies using their original data and urges researchers to take steps to overcome the shortcomings.
Author(s): Samuel Bazzi, Michael A Clemens | Posted on: Jun 04, 2009 | Views(1268) | Download (234)