Growth Determinants Revisited:
This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our empirical findings suggest that once model uncertainty...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/268 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our empirical findings suggest that once model uncertainty is accounted for there is strong evidence that initial income, investment, life expectancy, and population growth are robustly correlated with economic growth. We also find evidence that debt, openness, and inflation are robust growth determinants. Overall, the set of our robust growth determinants differs from those identified by other studies that incorporate model uncertainty, but ignore dynamics and/or endogeneity. This underscores the importance of accounting for model uncertainty and endogeneity in the investigation of growth determinants |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 1451874138 9781451874136 |
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spelling | Tsangarides, Charalambos G. Verfasser aut Growth Determinants Revisited Tsangarides, Charalambos G Washington, D.C International Monetary Fund 2009 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/268 This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our empirical findings suggest that once model uncertainty is accounted for there is strong evidence that initial income, investment, life expectancy, and population growth are robustly correlated with economic growth. We also find evidence that debt, openness, and inflation are robust growth determinants. Overall, the set of our robust growth determinants differs from those identified by other studies that incorporate model uncertainty, but ignore dynamics and/or endogeneity. This underscores the importance of accounting for model uncertainty and endogeneity in the investigation of growth determinants Online-Ausg Mirestean, Alin Sonstige oth http://elibrary.imf.org/view/IMF001/10581-9781451874136/10581-9781451874136/10581-9781451874136.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Tsangarides, Charalambos G. Growth Determinants Revisited |
title | Growth Determinants Revisited |
title_auth | Growth Determinants Revisited |
title_exact_search | Growth Determinants Revisited |
title_exact_search_txtP | Growth Determinants Revisited |
title_full | Growth Determinants Revisited Tsangarides, Charalambos G |
title_fullStr | Growth Determinants Revisited Tsangarides, Charalambos G |
title_full_unstemmed | Growth Determinants Revisited Tsangarides, Charalambos G |
title_short | Growth Determinants Revisited |
title_sort | growth determinants revisited |
url | http://elibrary.imf.org/view/IMF001/10581-9781451874136/10581-9781451874136/10581-9781451874136.xml |
work_keys_str_mv | AT tsangaridescharalambosg growthdeterminantsrevisited AT miresteanalin growthdeterminantsrevisited |