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http://hdl.handle.net/1942/30420
Title: | Determinants of economic growth: Different time different answer? | Authors: | BRUNS, Stephan Ioannidis, John P.A. |
Issue Date: | 2020 | Publisher: | Elsevier | Source: | JOURNAL OF MACROECONOMICS, 63 (Art N° 103185) | Abstract: | Almost all studies that use Bayesian model averaging to identify robust growth determinantsfocusonthegrowthperiodbetween1960andthe1990s.WeapplyBayesianModelAveragingtoa rolling time window of 20 and 35 years using a newly compiled dataset with 37 growth de-terminants for the years 1960 to 2010. Our findings indicate instabilities in the inferences ongrowth determinants across growth periods. In line with prior research, we find support forrobustambiguityinearlygrowthperiods,thatis,cross-countrygrowthregressionsprovidelittlesupportforsomegrowthdeterminantsbeingmoreimportantthanothers.However,determinantsrelatedtodemography,education,trade,investmentandtosomeextentreligionseemtomatterinthesubsequentgrowthperiodswitheducationanddemographybeingmostimportantinre-centgrowthperiods. | Keywords: | Bayesian model averaging;Growth regressions;Model uncertainty;Heterogeneity | Document URI: | http://hdl.handle.net/1942/30420 | ISSN: | 0164-0704 | e-ISSN: | 1873-152X | DOI: | 10.1016/j.jmacro.2019.103185 | ISI #: | WOS:000528047300007 | Rights: | 2019 Elsevier Inc. All rights reserved. | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2021 |
Appears in Collections: | Research publications |
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1-s2.0-S0164070419300503-main.pdf Restricted Access | Published version | 934.01 kB | Adobe PDF | View/Open Request a copy |
Bruns_Ioannidis_2019_final.pdf | Peer-reviewed author version | 245.66 kB | Adobe PDF | View/Open |
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