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The Rise and Fall of Cross-Country Growth Regressions

✍ Scribed by Durlauf, S. N.


Book ID
121674092
Publisher
Duke University Press
Year
2009
Tongue
English
Weight
185 KB
Volume
41
Category
Article
ISSN
0018-2702

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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