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Government Partisanship, Labor Organization, and Macroeconomic Performance: A Corrigendum

Beck, Nathaniel and Katz, Jonathan N. and Alvarez, R. Michael and Garrett, Geoffrey and Lange, Peter (1993) Government Partisanship, Labor Organization, and Macroeconomic Performance: A Corrigendum. American Political Science Review, 87 (4). pp. 943-948. ISSN 0003-0554. https://resolver.caltech.edu/CaltechAUTHORS:20140314-120455643

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Abstract

Alvarez, Garrett and Lange (1991) used cross-national data panel data on the Organization for Economic Coordination and Development nations to show that countries with left governments and encompassing labor movements enjoyed superior economic performance. Here we show that the standard errors reported in that article are incorrect. Reestimation of the model using ordinary least squares and robust standard errors upholds the major finding of Alvarez, Garrett and Lange, regarding the political and institutional causes of economic growth but leaves the findings for unemployment and inflation open to question. We show that the model used by Alvarez, Garrett and Lange, feasible generalized least squares, cannot produce standard errors when the number of countries analyzed exceeds the length of the time period under analysis. Also, we argue that ordinary least squares with robust standard errors is superior to feasible generalized least square for typical cross-national panel studies.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.2307/2938825DOIArticle
http://www.jstor.org/stable/2938825JSTORArticle
http://resolver.caltech.edu/CaltechAUTHORS:20170824-162753007Related ItemWorking Paper
ORCID:
AuthorORCID
Katz, Jonathan N.0000-0002-5287-3503
Additional Information:© 1993 American Political Science Association.
Issue or Number:4
Record Number:CaltechAUTHORS:20140314-120455643
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20140314-120455643
Official Citation:Government Partisanship, Labor Organization, and Macroeconomic Performance: A Corrigendum Nathaniel Beck, Jonathan N. Katz, R. Michael Alvarez, Geoffrey Garrett and Peter Lange The American Political Science Review , Vol. 87, No. 4 (Dec., 1993) , pp. 943-948 Published by: American Political Science Association Article Stable URL: http://www.jstor.org/stable/2938825
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:44324
Collection:CaltechAUTHORS
Deposited By: Jonathan Katz
Deposited On:17 Mar 2014 21:53
Last Modified:03 Oct 2019 06:16

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