In this paper I try to move away from the Extreme Bounds method of
identifying ``robust'' empirical relations in the economic growth literature.
Instead of analyzing the extreme bounds of the estimates of the coefficient
of a particular variable, I analyze the entire distribution. My claim
in this paper is that, if we do this, the picture emerging from the
empirical growth literature is not the pessimistic ``Nothing is Robust''
that we get with the extreme bound analysis. Instead, we find that ...
In this paper I try to move away from the Extreme Bounds method of
identifying ``robust'' empirical relations in the economic growth literature.
Instead of analyzing the extreme bounds of the estimates of the coefficient
of a particular variable, I analyze the entire distribution. My claim
in this paper is that, if we do this, the picture emerging from the
empirical growth literature is not the pessimistic ``Nothing is Robust''
that we get with the extreme bound analysis. Instead, we find that a
substantial number of variables can be found to be strongly related
to growth.
+