Replication data for: Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth

Principal Investigator(s): View help for Principal Investigator(s) Samuel Bazzi; Michael A. Clemens

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BazziClemensReplication			10/12/2019 09:42:PM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 05:42:PM

Project Citation:

Bazzi, Samuel, and Clemens, Michael A. Replication data for: Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114267V1

Project Description

Summary: Concern has intensified in recent years that many instrumental variables used in widely-cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. We show how a range of published studies can offer more evidence that their results are not spurious. Key steps include: grounding growth regressions in more generalized theoretical models, deployment of new methods for estimating sensitivity to violations of exclusion restrictions, opening the "black box" of GMM with supportive evidence of instrument strength, and utilization of weak-instrument robust tests and estimators. (JEL C52, E23, F35, O41, O47)

Scope of Project

JEL Classification:
      C52 Model Evaluation, Validation, and Selection
      E23 Macroeconomics: Production
      F35 Foreign Aid
      O41 One, Two, and Multisector Growth Models
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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Published Versions

V1 [2019-10-12]

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