What is Really Good for Long-Term Growth?: Lessons from a Binary ClassificationTree (BCT) Approach
Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the ""real'' or ""deep"" determinants of growth. This paper revisits the question of what is really important for stron...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/263 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the ""real'' or ""deep"" determinants of growth. This paper revisits the question of what is really important for strong long-term growth by using a Binary Classification Tree approach, a nonparametric statistical technique that is not commonly used in the growth literature. A key strength of the method is that it recognizes that a combination of conditions can be instrumental in leading to a particular outcome, in this case strong growth. The paper finds that strong growth is a result of a complex set of interacting factors, rather than a particular set of variables such as institutions or geography, as is often cited in the literature. In particular, geographical luck and a favorable external environment, combined with trade openness and strong human capital are conducive to growth |
| Beschreibung: | 1 Online-Ressource (27 p) |
| ISBN: | 145187121X 9781451871210 |
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| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:34Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Duttagupta, Rupa Verfasser aut What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach Duttagupta, Rupa Washington, D.C International Monetary Fund 2008 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/263 Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the ""real'' or ""deep"" determinants of growth. This paper revisits the question of what is really important for strong long-term growth by using a Binary Classification Tree approach, a nonparametric statistical technique that is not commonly used in the growth literature. A key strength of the method is that it recognizes that a combination of conditions can be instrumental in leading to a particular outcome, in this case strong growth. The paper finds that strong growth is a result of a complex set of interacting factors, rather than a particular set of variables such as institutions or geography, as is often cited in the literature. In particular, geographical luck and a favorable external environment, combined with trade openness and strong human capital are conducive to growth Online-Ausg Mlachila, Montfort Sonstige oth http://elibrary.imf.org/view/IMF001/09739-9781451871210/09739-9781451871210/09739-9781451871210.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Duttagupta, Rupa What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach |
| title | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach |
| title_auth | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach |
| title_exact_search | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach |
| title_exact_search_txtP | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach |
| title_full | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach Duttagupta, Rupa |
| title_fullStr | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach Duttagupta, Rupa |
| title_full_unstemmed | What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach Duttagupta, Rupa |
| title_short | What is Really Good for Long-Term Growth? |
| title_sort | what is really good for long term growth lessons from a binary classificationtree bct approach |
| title_sub | Lessons from a Binary ClassificationTree (BCT) Approach |
| url | http://elibrary.imf.org/view/IMF001/09739-9781451871210/09739-9781451871210/09739-9781451871210.xml |
| work_keys_str_mv | AT duttaguptarupa whatisreallygoodforlongtermgrowthlessonsfromabinaryclassificationtreebctapproach AT mlachilamontfort whatisreallygoodforlongtermgrowthlessonsfromabinaryclassificationtreebctapproach |