Publication bias in the economic freedom and economic growth literature

Doucouliagos, Chris 2005, Publication bias in the economic freedom and economic growth literature, Journal of economic surveys, vol. 19, no. 3, pp. 367-387.

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Title Publication bias in the economic freedom and economic growth literature
Author(s) Doucouliagos, Chris
Journal name Journal of economic surveys
Volume number 19
Issue number 3
Start page 367
End page 387
Publisher Blackwell Publishing Ltd
Place of publication Oxford, England
Publication date 2005-06
ISSN 0950-0804
1467-6419
Keyword(s) economic freedom
economic growth
publication bias
recursive meta‐significance
Summary The impact of institutions on economic performance has attracted significant attention from researchers, as well as from policy reformers. A rapidly growing area in this literature is the impact of economic freedom on economic growth. The aim of this paper was to explore publication bias in this literature by means of traditional funnel plots, meta‐significance testing, as well as by bootstrapping these meta‐significance tests. When all the available estimates are combined and averaged, there seems to be evidence of a genuine and positive economic freedom – economic growth effect. However, it is also shown that the economic freedom – economic growth literature is tainted strongly with publication bias. The existence of publication bias makes it difficult to identify the magnitude of the genuine effect of economic freedom on economic growth. The paper explores the differences between aggregate and disaggregate measures of economic freedom and shows that selection effects are stronger when aggregate measures are used.
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2005 Blackwell Publishing
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002894

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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