Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the...
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INFORMACIÓN
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2003/03/31
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS3004
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1
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1
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2010/07/01
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Institutions, trade, and growth : revisiting the evidence
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confidence interval