Tsangarides, Charalambos G.; Mirestean, Alin - International Monetary Fund (IMF) - 2009
This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging … framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our … empirical findings suggest that once model uncertainty is accounted for there is strong evidence that initial income, investment …