More on the math.
By this standard of propter hoc analysis, R&R’s paper shows less analytical rigor than many posts by amateur internet econocranks. (Oui, comme moi.) This is a paper by top Harvard economists, and they didn’t use the most elementary analytical techniques used by real growth econometricians, and even by rank amateurs who are doing their first tentative stabs at understanding the data out there.Asymptosis
Note to Reinhart/Rogoff (et. al): The Cause Usually Precedes the Effect — Or: Thinking About Periods and Lags
Steve Roth
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