Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach

@article{Doppelhofer2000DeterminantsOL,
  title={Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach},
  author={G. Doppelhofer and R. Miller and X. Sala-i-martin},
  journal={Macroeconomics eJournal},
  year={2000}
}
  • G. Doppelhofer, R. Miller, X. Sala-i-martin
  • Published 2000
  • Economics
  • Macroeconomics eJournal
  • This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included variables. The weights applied to individual regressions are justified on Bayesian grounds in a way similar to the well-known Schwarz criterion. Of 32 explanatory variables we find 11 to be robustly… CONTINUE READING
    2,041 Citations
    Determinants of Economic Growth: A Bayesian Panel Data Approach
    • 86
    • Highly Influenced
    • PDF

    References

    SHOWING 1-10 OF 56 REFERENCES
    Growth Empirics: A Panel Data Approach
    • 3,388
    I Just Ran Two Million Regressions
    • 2,640
    • PDF
    Growth and human capital: good data, good results
    • 1,281
    • PDF
    The New Empirics of Economic Growth
    • 1,290
    • PDF