Determinants of Economic Growth: Will Data Tell?
Copyright policy )Determinants of Economic Growth: Will Data Tell?
Many factors inhibiting and facilitating economic growth have been suggested. Can agnostics rely on international income data to tell them which matter? We find that agnostic priors lead to conclusions that are sensitive to differences across available income estimates. For example, the PWT 6.2 revision of the 1960–1996 income estimates in the PWT 6.1 leads to substantial changes regarding the role of government, international trade, demography, and geography. We conclude that margins of error in international income estimates appear too large for agnostic growth empirics. (JEL O41, O47)
- Universitat Pompeu Fabra Spain
- Centre for Economic Policy Research United Kingdom
- European Central Bank Germany
- Institute for the Study of Labor Germany
robust growth determinants, agnostic bayesian econometrics, O47, Statistik, Growth regressions, robust growth determinants, Growth regressions, Macroeconomics and International Economics, Growth regressions, robust growth determinants, agnostic Bayesian econometrics, Internationale Wirtschaft, Wirtschaftswachstum, ddc:330, Datenqualität, Bayes-Statistik, growth regressions, growth regressions; robust growth determinants, E01, Vergleich, Einkommen, agnostic Bayesian econometrics,robust growth determinants,growth regressions, Theorie, jel: jel:E01, jel: jel:O41, jel: jel:O47
robust growth determinants, agnostic bayesian econometrics, O47, Statistik, Growth regressions, robust growth determinants, Growth regressions, Macroeconomics and International Economics, Growth regressions, robust growth determinants, agnostic Bayesian econometrics, Internationale Wirtschaft, Wirtschaftswachstum, ddc:330, Datenqualität, Bayes-Statistik, growth regressions, growth regressions; robust growth determinants, E01, Vergleich, Einkommen, agnostic Bayesian econometrics,robust growth determinants,growth regressions, Theorie, jel: jel:E01, jel: jel:O41, jel: jel:O47
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