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A Replication of "Meta-Analysis of the Effect of Fiscal Policies on Long-Run Growth" (European Journal of Political Economy, 2004)

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This study replicates Nijkamp & Poot (2004), henceforth N&P, and performs a variety of robustness checks. Using a sample of fiscal policy studies published between 1983-1998, N&P concluded that certain types of fiscal policies were more likely to confirm prior beliefs about their impact on economic growth than others. N&P also identified study attributes that impacted the likelihood of confirmation. We first demonstrate that we are able to exactly replicate their findings. We then attempt an alternative replication, returning to the original studies, and independently categorizing them using N&P’s general classification scheme. We also investigate the implications of a number of methodological improvements on their analysis. Our analysis produces results that are qualitatively similar to N&P, though very few of our results are statistically significant. We use the lessons learned from this replication effort to suggest directions for future meta-analysis studies on the subject of fiscal policy and economic growth.

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  • W. Robert Reed & Nurul Sidek, 2013. "A Replication of "Meta-Analysis of the Effect of Fiscal Policies on Long-Run Growth" (European Journal of Political Economy, 2004)," Working Papers in Economics 13/33, University of Canterbury, Department of Economics and Finance.
    • Handle: RePEc:cbt:econwp:13/33
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    More about this item

    Keywords

    Meta-analysis; Fiscal Policy; Economic Growth; Generalized Ordered Logit;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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