Sala-I-Martin, Xavier; Doppelhofer, Gernot; Miller, … - In: American Economic Review 94 (2004) 4, pp. 813-835
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It introduces and employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates by averaging OLS coefficients across models. The weights given to...