Sala-i-Martin, Xavier2014-03-272014-03-272001-05World Bank Economic Reviewhttps://hdl.handle.net/10986/17445William 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.en-USCC BY-NC-ND 3.0 IGOAVERAGE GROWTHCOUNTRY REGRESSIONSDATA SETSECONOMETRICSECONOMIC GROWTHECONOMIC IMPLICATIONSECONOMIC RESEARCHECONOMICSEXPLANATORY VARIABLESFUNCTIONAL FORMGROWTH RATEGROWTH REGRESSIONLABELLONG-TERM GROWTHSLOPEJournal ArticleWorld Bank10.1596/17445