Explaining growth: A contest between models

被引:76
作者
Bleaney, M [1 ]
Nishiyama, A [1 ]
机构
[1] Univ Nottingham, Sch Econ, Nottingham NG7 2RD, England
关键词
growth; non-nested tests;
D O I
10.1023/A:1013466526642
中图分类号
F [经济];
学科分类号
02 ;
摘要
Recent contributions to the empirical growth literature show no tendency to convergence in specification, as researchers seek to identify new variables that can account for significant regional effects in earlier work. We conduct non-nested tests between the models of Barro (1997), Easterly and Levine (1997) and Sachs and Warner (1997). The data strongly prefer an encompassing model, but fail to reject any of the candidate models, implying that each model represents a partial truth. We identify a model that includes most (but not all) of the regressors in the candidate models and is robust to the inclusion of regional dummies.
引用
收藏
页码:43 / 56
页数:14
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