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Determinants of Economic Growth: Will Data Tell?

Antonio Ciccone and Marek Jarociński

No 1009, Working Papers from BBVA Bank, Economic Research Department

Abstract: Many factors inhibiting and facilitating economic growth have been suggested. Can agnostics rely on international income data to tell them which matter? We find that agnostic priors lead to conclusions that are sensitive to differences across available income estimates. For example, the PWT 6.2 revision of the 1960-96 income estimates in the PWT 6.1 leads to substantial changes regarding the role of government, international trade, demography, and geography. We conclude that margins of error in international income estimates appear too large for agnostic growth empirics.

Keywords: agnostic Bayesian econometrics; robust growth determinants; growth regressions (search for similar items in EconPapers)
JEL-codes: E01 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg and nep-mac
Date: 2010-05
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Related works:
Journal Article: Determinants of Economic Growth: Will Data Tell? (2010) Downloads
Working Paper: Determinants of Economic Growth: Will Data Tell? (2009) Downloads
Working Paper: Determinants of economic growth: Will data tell? (2009) Downloads
Working Paper: Determinants of economic growth: will data tell? (2008) Downloads
Working Paper: Determinants of Economic Growth: Will Data Tell? (2007) Downloads
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