Determinants of Economic Growth: A Bayesian Panel Data Approach

Enrique Moral-Benito

Working Papers from CEMFI

Abstract: Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed effects. The empirical results show that the most robust growth determinants are investment price, air distance to big cities and political rights. Moreover, the results are robust to different prior assumptions on expected model size.

Date: 2007
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (5)

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https://www.cemfi.es/ftp/wp/0719.pdf (application/pdf)

Related works:
Journal Article: Determinants of Economic Growth: A Bayesian Panel Data Approach (2012)
Working Paper: Determinants of economic growth: A Bayesian panel data approach (2010)
Working Paper: Determinants of Economic Growth: A Bayesian Panel Data Approach (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cmf:wpaper:wp2007_0719

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