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This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
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Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy … economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets …
Persistent link: https://www.econbiz.de/10012472651
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
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