ECONOMIC GROWTH REGRESSIONS FOR THE AMERICAN STATES: A SENSITIVITY ANALYSIS

We use extreme‐bounds analysis to assess the sensitivity of numerous control variables identified in the state growth literature. We employ annual panel data on the American states to identify which variables are robust to small changes in the conditioning information set. The results provide a set...

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Bibliographic Details
Published in:Economic inquiry 1999-04, Vol.37 (2), p.242-257
Main Authors: Crain, W. Mark, Lee, Katherine J.
Format: Article
Language:English
Subjects:
Analysis
Economic development
Economic growth
Economic models
Economic performance
Empirical research
Growth theory
Labor force
Labour market participation
Macroeconomics
Per capita
Personal income
Regression analysis
Sensitivity analysis
Standard deviation
Studies
Time series
U.S.A
Variables
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Summary:We use extreme‐bounds analysis to assess the sensitivity of numerous control variables identified in the state growth literature. We employ annual panel data on the American states to identify which variables are robust to small changes in the conditioning information set. The results provide a set of core variables as a starting point for future research that relies on state growth regressions. The findings also demonstrate that several important conclusions in the literature depend on how variables are measured. (JEL R11, O23, C23, 018)
ISSN:0095-2583
1465-7295
DOI:10.1111/j.1465-7295.1999.tb01428.x