Publications [#285688] of Kevin D. Hoover

Journal Articles

1. Hoover, KD; Perez, SJ, Truth and robustness in cross-country growth regressions, Oxford Bulletin of Economics and Statistics, vol. 66 no. 5 (January, 2004), pp. 765-798 [repository], [doi]
   (last updated on 2024/04/24)

   Abstract:
   We re-examine studies of cross-country growth regressions by Levine and Renelt (American Economic Review, Vol. 82, 1992, pp. 942-963) and Sala-i-Martin (American Economic Review, Vol. 87, 1997a, pp. 178-183; Economics Department, Columbia, University, 1997b). In a realistic Monte Carlo experiment, their variants of Edward Leamer's extreme-bounds analysis are compared with a cross-sectional version of the general-to-specific search methodology associated with the LSE approach to econometrics. Levine and Renelt's method has low size and low power, while Sala-i-Martin's method has high size and high power. The general-to-specific methodology is shown to have a near nominal size and high power. Sala-i-Martin's method and the general-to-specific method are then applied to the actual data from Sala-i-Martin's original study.