3 ms·
While both are possible, this article performs an interesting analysis to show why the paper likely had the causation wrong: http://www.nextnewdeal.net/rortybo
by inthewoods 14y ago
While both are possible, this article performs an interesting analysis to show why the paper likely had the causation wrong:
http://www.nextnewdeal.net/rortybomb/guest-post-reinhartrogoff-and-growth-time-debt http://www.nextnewdeal.net/rortybomb/guest-post-reinhartrogo...
- danielweber 14y agoThe original paper doesn't make any claims about causation at all, does it? I haven't read every single word, but the Abstract certainly doesn't say that. The closest the paper says is that high debt and low growth are "associated."