arXiv 6 Mar 2019 · Econometrics
arXiv:1903.02357 · PDF · DOI · OpenAlex · Extracted main text
A fixed effects regression estimator is introduced that can directly identify and estimate the Africa-Dummy in one regression step so that its correct standard errors as well as correlations to other coefficients can easily be estimated. We can estimate the Nickel bias and found it to be negligibly tiny. Semiparametric extensions check whether the Africa-Dummy is simply a result of misspecification of the functional form. In particular, we show that the returns to growth factors are different for Sub-Saharan African countries compared to the rest of the world. For example, returns to population growth are positive and beta-convergence is faster. When extending the model to identify the development of the Africa-Dummy over time we see that it has been changing dramatically over time and that the punishment for Sub-Saharan African countries has been decreasing incrementally to reach insignificance around the turn of the millennium.
appendix boundary found by none_found · 100% of the source is main text. Read the extracted text to check this.
The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Mankiw, N.G. and Romer, D. and Weil, D.N (1992) A Contribution to the Empirics of Economic Growth | 1.000 | 6 | 4 | 100% |
| 2 | Barro, R. J. and Lee, J. W (2010) A New Data Set of Educational Attainment in the World, 1950�2010 | 0.737 | 3 | 2 | 100% |
| 3 | Islam, N (1995) Growth Empirics: A Panel Data Approach | 0.737 | 3 | 2 | 100% |
| 4 | Hoeffler, A.E (2002) The augmented Solow model and the African growth debate | 0.644 | 2 | 2 | 100% |
| 5 | Köhler, M (2012) Econometric Studies on Flexible Modeling of Developing Countries in Growth Analysis | 0.644 | 2 | 2 | 100% |
| 6 | Roodman, D (2009) A Note on the Theme of Too Many Instruments | 0.585 | 3 | 1 | 100% |
| 7 | Collier, P. and Gunning, J. W (1999) Explaining African Economic Performance | 0.511 | 2 | 1 | 100% |
| 8 | Heston, A. and Summers, R. and Aten, B (2009) Penn World Table Version 6.3 | 0.511 | 2 | 1 | 100% |
| 9 | Hodrick, R. J. and Prescott, E. C (1997) Postwar U.S | 0.511 | 2 | 1 | 100% |
| 10 | Phillips, P. C. B. and Sul, D (2007) Bias in dynamic panel estimation with fixed effects, incidental trends and cross section dependence | 0.511 | 2 | 1 | 100% |
Showing the top 10 of 69 scored citations.