2024-03-29T10:30:25Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/70382023-06-08T12:34:25Zcom_123456789_5661com_123456789_21col_123456789_5687
Determinants of economic growth : a bayesian panel data approach
Moral Benito, Enrique
Growth determinants
Model uncertainty
Bayesian model averaging
Dynamic panel estimation
Análisis bayesiano
Modelos de datos de panel
Crecimiento y desarrollo económicos
C11
C23
O4
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian Model Averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed effects in order to simultaneously address model uncertainty and endogeneity issues. The empirical findings suggest that in a panel setting the most robust growth determinants are the price of investment goods, distance to major world cities, and political rights
2010-10-13
Documento de trabajo
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/7038
eng
Documentos de Trabajo / Banco de España, 1031
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
40 p. : tab., gráf.
application/pdf
Banco de España
Madrid : Banco de España, 2010