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We Ran One Regression.

Abstract:

The recent controversy over model selection in the context of 'growth regressions' has led to some remarkably numerous 'estimation' strategies, including 4 million regressions by Sala-i-Martin (1997b). Only one regression is really needed, namely the general unrestricted model, appropriately reduced to a parsimonious encompassing congruent representation. Such an outcome was achieved in one run on PcGets, within 15 minutes of receiving from Professor Ley the data set in Fernandez et al (2001)...

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David F Hendry More by this author
Hans Martin Krolzig More by this author
Volume:
2004-W17
Series:
Economics Working Papers
Publication date:
2004-03-10
URN:
uuid:557878d4-ae8e-4802-8711-4ccd2c155c78
Local pid:
oai:economics.ouls.ox.ac.uk:11920
Language:
English

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