Publication: Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
William Brock and Steven Durlauf's article nicely summarizes some of the recent research on Bayesian model averaging. They make a number of important points. One is that the empirics of growth face three key problems: model uncertainty, parameter uncertainty, and endogeneity. They argue that theory uncertainty can be dealt with using Bayesian model averaging methods.
Link to Data Set
“Sala-i-Martin, Xavier. 2001. Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf. World Bank Economic Review. © Washington, DC: World Bank. http://hdl.handle.net/10986/17445 License: CC BY-NC-ND 3.0 IGO.”
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