Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf

Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf

William 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, parame...

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Bibliographic Details
Main Author: Sala-i-Martin, Xavier
Format: Journal Article
Language:English
en_US
Published: Washington, DC: World Bank 2014
Subjects:
AVERAGE GROWTH
COUNTRY REGRESSIONS
DATA SETS
ECONOMETRICS
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC RESEARCH
ECONOMICS
EXPLANATORY VARIABLES
FUNCTIONAL FORM
GROWTH RATE
GROWTH REGRESSION
LABEL
LONG-TERM GROWTH
SLOPE
Online Access:http://documents.worldbank.org/curated/en/2001/05/17737453/comment-growth-empirics-reality-william-brock-steven-n-durlauf
http://hdl.handle.net/10986/17445
id okr-10986-17445
recordtype oai_dc
spelling okr-10986-174452021-04-23T14:03:29Z Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf Sala-i-Martin, Xavier AVERAGE GROWTH COUNTRY REGRESSIONS DATA SETS ECONOMETRICS ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC RESEARCH ECONOMICS EXPLANATORY VARIABLES FUNCTIONAL FORM GROWTH RATE GROWTH REGRESSION LABEL LONG-TERM GROWTH SLOPE William 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. 2014-03-27T21:25:50Z 2014-03-27T21:25:50Z 2001-05 Journal Article http://documents.worldbank.org/curated/en/2001/05/17737453/comment-growth-empirics-reality-william-brock-steven-n-durlauf World Bank Economic Review http://hdl.handle.net/10986/17445 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AVERAGE GROWTH
COUNTRY REGRESSIONS
DATA SETS
ECONOMETRICS
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC RESEARCH
ECONOMICS
EXPLANATORY VARIABLES
FUNCTIONAL FORM
GROWTH RATE
GROWTH REGRESSION
LABEL
LONG-TERM GROWTH
SLOPE
spellingShingle AVERAGE GROWTH
COUNTRY REGRESSIONS
DATA SETS
ECONOMETRICS
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC RESEARCH
ECONOMICS
EXPLANATORY VARIABLES
FUNCTIONAL FORM
GROWTH RATE
GROWTH REGRESSION
LABEL
LONG-TERM GROWTH
SLOPE
Sala-i-Martin, Xavier
Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
description William 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.
format Journal Article
author Sala-i-Martin, Xavier
author_facet Sala-i-Martin, Xavier
author_sort Sala-i-Martin, Xavier
title Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
title_short Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
title_full Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
title_fullStr Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
title_full_unstemmed Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf
title_sort comment on 'growth empirics and reality,' by william a. brock and steven n. durlauf
publisher Washington, DC: World Bank
publishDate 2014
url http://documents.worldbank.org/curated/en/2001/05/17737453/comment-growth-empirics-reality-william-brock-steven-n-durlauf
http://hdl.handle.net/10986/17445
_version_ 1764433168247554048

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