This article questions current empirical practice in the study of growth. It argues that much of the modern empirical growth literature is based on assumptions about regressors, residuals, and parameters that are implausible from the perspective of both economic theory and the historical experiences of the countries under study. Many of these problems, it argues, are forms of violations of an exchangeability assumption that implicitly underlies standard...
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详细
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2001/05/01
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日志文章
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77356
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1
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1
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2013/05/21
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Disclosed
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Growth empirics and reality
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World Bank Economic Review