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Institutions and growth: evidence from estimation methods robust to weak instruments
Citation
Dmitriev, A, Institutions and growth: evidence from estimation methods robust to weak instruments, Applied Economics, 45, (13) pp. 1625-1635. ISSN 0003-6846 (2013) [Refereed Article]
Copyright Statement
Copyright 2013 Taylor & Francis
DOI: doi:10.1080/00036846.2011.633892
Abstract
This article focuses on the empirical approach proposed by Hall and Jones
(1999) to estimate the effect of what they call ‘social infrastructure’ on
productivity across countries. We consider the issue of weak identification
in their linear instrumental variables model. The evidence obtained from
partially robust estimators, such as the k-class and jackknife estimators, is
interpreted on the basis of Monte Carlo studies. Our findings suggest that
using certain k-class estimators allows exclusive reliance on the linguistic
variables to instrument for institutional quality despite their low correlation
with the endogenous regressor in question.
Item Details
Item Type: | Refereed Article |
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Keywords: | institutions; growth; weak instruments; robust estimators |
Research Division: | Human Society |
Research Group: | Policy and administration |
Research Field: | Economic development policy |
Objective Division: | Economic Framework |
Objective Group: | Macroeconomics |
Objective Field: | Macroeconomics not elsewhere classified |
UTAS Author: | Dmitriev, A (Dr Alexandre Dmitriev) |
ID Code: | 83258 |
Year Published: | 2013 |
Web of Science® Times Cited: | 1 |
Deposited By: | Economics and Finance |
Deposited On: | 2013-03-06 |
Last Modified: | 2013-06-11 |
Downloads: | 0 |
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