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Determinants of Long-Term Economic Growth Redux: A Measurement Error Model Averaging (MEMA) Approach
| Content Provider | Scilit |
|---|---|
| Author | Doppelhofer, Gernot Hansen, Ole-Petter Moe Weeks, Melvyn |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal This paper estimates determinants of long-run growth rates of GDP per capita in a cross section of countries. We propose a novel Measurement Error Model Averaging (MEMA) approach that accounts for measurement error in international income data as well as model uncertainty. Estimating the model using eight vintages of the Penn World Tables (PWT) together with other proposed growth determinants, we identify 18 variables related to economic growth. The results are robust to allowing for outliers in the form of heteroscedastic model errors. |
| Related Links | http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1702.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2901346 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2901346 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-12-21 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Religion and Religious Studies Economic Growth Model Averaging Measurement Error Error Model |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
