Publication:
Determinants of Economic Growth : A Bayesian Panel Data Approach

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dc.contributor.authorMoral-Benito, Enrique
dc.date.accessioned2012-03-19T19:08:37Z
dc.date.available2012-03-19T19:08:37Z
dc.date.issued2009-02-01
dc.description.abstractModel 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 the price of investment goods, distance to major world cities, and political rights. This suggests that growth-promoting policy strategies should aim to reduce taxes and distortions that raise the prices of investment goods; improve access to international markets; and promote democracy-enhancing institutional reforms. Moreover, the empirical results are robust to different prior assumptions on expected model size.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090202131616
dc.identifier.doi10.1596/1813-9450-4830
dc.identifier.urihttps://hdl.handle.net/10986/4027
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 4830
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectBENCHMARK
dc.subjectCALCULATIONS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCIVIL LIBERTIES
dc.subjectCONDITIONAL CONVERGENCE
dc.subjectCONTRIBUTION
dc.subjectCONVERGENCE PARAMETER
dc.subjectCOUNTRY REGRESSIONS
dc.subjectCOVARIANCE MATRIX
dc.subjectCROSS COUNTRY
dc.subjectCROSS COUNTRY EVIDENCE
dc.subjectCROSS-COUNTRY REGRESSION
dc.subjectDATA AVAILABILITY
dc.subjectDATA SET
dc.subjectDEMOCRACY
dc.subjectDEMOGRAPHIC FACTORS
dc.subjectDEPENDENT VARIABLE
dc.subjectDETERMINANTS OF GROWTH
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDYNAMIC PANEL
dc.subjectDYNAMIC STRUCTURE
dc.subjectECONOMETRIC MODEL
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC REVIEW
dc.subjectECONOMICS
dc.subjectEMPIRICAL APPROACHES
dc.subjectEMPIRICAL ESTIMATES
dc.subjectEMPIRICAL GROWTH MODEL
dc.subjectEMPIRICAL GROWTH REGRESSIONS
dc.subjectEMPIRICAL MODEL
dc.subjectEMPIRICAL RESEARCH
dc.subjectEMPIRICAL RESULTS
dc.subjectEMPIRICAL STUDIES
dc.subjectENDOGENOUS VARIABLES
dc.subjectEQUILIBRIUM LEVEL
dc.subjectERROR TERM
dc.subjectESTIMATED MODELS
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectFIXED EFFECTS
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH CONTEXT
dc.subjectGROWTH DATA
dc.subjectGROWTH DETERMINANTS
dc.subjectGROWTH EMPIRICS
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATE OF POPULATION
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSION
dc.subjectGROWTH REGRESSIONS
dc.subjectGROWTH THEORIES
dc.subjectGROWTH-PROMOTING POLICY
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DIFFERENCES
dc.subjectINCREASING RETURNS
dc.subjectINDEPENDENT VARIABLES
dc.subjectINVESTMENT RATE
dc.subjectLABOR FORCE
dc.subjectLAGGED DEPENDENT
dc.subjectLANDLOCKED COUNTRIES
dc.subjectLIFE EXPECTANCY
dc.subjectLINEAR REGRESSION
dc.subjectLOGARITHMIC SCALE
dc.subjectLONG-TERM GROWTH
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMICS
dc.subjectMALARIA
dc.subjectMONETARY ECONOMICS
dc.subjectNATURAL ENDOWMENTS
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCE ABUNDANCE
dc.subjectNORMAL DISTRIBUTION
dc.subjectOPPORTUNITY SET
dc.subjectPOINT ESTIMATES
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLICY STRATEGIES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL POWER
dc.subjectPOLITICAL RIGHTS
dc.subjectPOPULATION DENSITY
dc.subjectPOPULATION GROWTH
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE SECTOR
dc.subjectPROBABILITIES
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPROGRESS
dc.subjectPROSPERITY
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectRESPECT
dc.subjectSECONDARY EDUCATION
dc.subjectSERIAL CORRELATION
dc.subjectSOCIAL RESEARCH
dc.subjectSOURCES OF INCOME
dc.subjectTAXATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE POLICIES
dc.subjectURBAN AREAS
dc.subjectURBAN POPULATION
dc.subjectWAR
dc.subjectWORTH
dc.titleDeterminants of Economic Growth : A Bayesian Panel Data Approachen
dspace.entity.typePublication
okr.crossref.titleDeterminants Of Economic Growth: A Bayesian Panel Data Approach
okr.date.doiregistration2025-04-10T12:20:30.729185Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090202131616
okr.globalpracticePoverty
okr.globalpracticeHealth, Nutrition, and Population
okr.guid630701468337292409
okr.identifier.doi10.1596/1813-9450-4830
okr.identifier.externaldocumentum000158349_20090202131616
okr.identifier.internaldocumentum10217097
okr.identifier.reportWPS4830
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/02/02/000158349_20090202131616/Rendered/PDF/WPS4830.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themeEconomic management :: Analysis of economic growth
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicHealth, Nutrition and Population
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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