CENTRAL BANK INDEPENDENCE AND GROWTH - A SENSITIVITY ANALYSIS

Authors
AKHAND HA
Citation
Ha. Akhand, CENTRAL BANK INDEPENDENCE AND GROWTH - A SENSITIVITY ANALYSIS, Canadian journal of economics, 31(2), 1998, pp. 303-317
Citations number
23
Categorie Soggetti
Economics
Journal title
Canadian journal of economics → ACNP
ISSN journal
00084085
Volume
31
Issue
2
Year of publication
1998
Pages
303 - 317
Database
ISI
SICI code
0008-4085(1998)31:2<303:CBIAG->2.0.ZU;2-0
Abstract
In this paper the Levine-Renelt robustness test is employed to examine the robustness of the empirical relationship between growth and vario us proxies for central bank independence. Experiments are made with a wide variety of the most comprehensive systematic measures of central bank independence currently available. The Levine-Renelt test implies that growth is not robustly correlated with central bank independence. .