I'm searching for bibliography on the critiques to the Mankiw, Romer, Weil (1992) paper.

If possible, could you give references to each critique?

Any help would be appreciated.

  • $\begingroup$ The question is "why"? What bothers you in it? $\endgroup$ – Alecos Papadopoulos Mar 22 '16 at 13:50
  • 2
    $\begingroup$ ...After all, as regards at least style, it has one of the best introductory sentences in an economics paper. $\endgroup$ – Alecos Papadopoulos Mar 22 '16 at 13:56
  • $\begingroup$ @AlecosPapadopoulos I'm trying to do a work on it, but I'm not sure if what I'll do is going to be problematic later on. So, I was wondering what critiques there were to the paper... As to the sentence: Yes, I completely agree with you. I smiled a bit when I read it. =D $\endgroup$ – An old man in the sea. Mar 22 '16 at 14:19
  • $\begingroup$ @AlecosPapadopoulos also, in the paper not one test is performed to check if the residuals are good or not, or any other test. their onlymeasure of performance is R^2... it seems to be too simplistic $\endgroup$ – An old man in the sea. Mar 23 '16 at 7:56

Here are three:

Klenow, P., & Rodriguez-Clare, A. (1997). The neoclassical revival in growth economics: Has it gone too far?. In NBER Macroeconomics Annual 1997, Volume 12 (pp. 73-114). MIT Press.

Klenow, P. J., & Rodriguez-Clare,A. (1997). Economic growth: A review essay. Journal of monetary economics, 40(3), 597-617.

They pose certain conceptual issues as regards entangled causalities (in the economics' sense, not in the econometrics' sense).

All are freely downloadable.

Bernanke, B. S., & Gürkaynak, R. S. (2002). Is growth exogenous? taking Mankiw, Romer, and Weil seriously. In NBER Macroeconomics Annual 2001, Volume 16 (pp. 11-72). MIT Press.

This paper argues that one of the most important implications of any Solow framework is that long-run growth depends only on exogenous technological progress, and that MRW do not test in the right way this implication (the authors do it their way and reject this implication).

But I don't think you will find papers with deep statistical-econometric testing/validation of the model.

| improve this answer | |

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.