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Cross-country tests of neoclassical growth models

✍ Scribed by Max R. van de Sande Bakhuyzen

Book ID
116101246
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
246 KB
Volume
36
Category
Article
ISSN
0165-1765

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## Abstract We investigate the issue of model uncertainty in cross‐country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is spread widely among many models, suggesting the superiority of BMA over choosing any single model. Out‐of‐sample predictive r