This thesis consists of three chapters on economic and econometric applications of Bayesian parameter estimation and model comparison. The first two chapters study the incidental parameter problem mainly under a linear autoregressive (AR) panel data model with fixed effect. The first chapter...

This thesis investigates the relationship between financial development and economic growth in Sub Saharan Africa for the period 1970-2005. The first chapter assesses three growth theories using panel data. The study lends empirical credence to the endogenous growth theory, but finds weak...

The first essay studies the effects of exogenous and endogenous shocks on output sustainability in Central Eastern Europe and Russia during the 2000s. It expands traditional vector autoregressive model to a multi-country model that relates bank real lending, the cyclical component of output and...