We ran one regression

被引：72

作者：

Hendry, DF ^{[1
]}

Krolzig, HM

机构：

[1] Univ Oxford, Dept Econ, Oxford OX1 2JD, England

[2] Univ Kent, Dept Econ, Canterbury CT2 7NZ, Kent, England

来源：

OXFORD BULLETIN OF ECONOMICS AND STATISTICS | 2004年 / 66卷 / 05期

基金：

英国经济与社会研究理事会;

关键词：

D O I：

10.1111/j.1468-0084.2004.102_1.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The controversy over the selection of 'growth regressions' was precipitated by some remarkably numerous 'estimation' strategies, including two million regressions by Sala-i-Martin [American Economic Review (1997b) Vol. 87, pp. 178-183]. Only one regression is really needed, namely the general unrestricted model, appropriately reduced to a parsimonious encompassing, congruent representation. We corroborate the findings of Hoover and Perez [Oxford Bulletin of Economics and Statistics (2004) Vol. 66], who also adopt an automatic general-to-simple approach, despite the complications of data imputation. Such an outcome was also achieved in just one run of PcGets, within a few minutes of receiving the data set in Fernandez, Ley and Steel [Journal of Applied Econometrics (2001) Vol. 16, pp. 563-576] from Professor Ley.

引用

页码：799 / 810

页数：12

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