Determinants of Economic Growth: Will Data Tell?

Antonio Ciccone and Marek Jarociński ()

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

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: Growth regressions; robust growth determinants; agnostic Bayesian econometrics (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-cse and nep-dev
Date: 2007-10, Revised 2009-09
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Related works:
Working Paper: Determinants of Economic Growth: Will Data Tell? (2007)
Working Paper: Determinants of economic growth - will data tell? (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:upf:upfgen:1052

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