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Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … heterogeneity, more than 20 growth determinants, and interaction terms with FDI. We use Bayesian Model Averaging to address model …
Persistent link: https://www.econbiz.de/10011124055
Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … hetero- geneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address …
Persistent link: https://www.econbiz.de/10011092658
. Second, although both FDI and portfolio inflows can increase investment, the effect from FDI is significantly smaller — in …
Persistent link: https://www.econbiz.de/10010721475
. Second, although both FDI and portfolio inflows can increase investment, the effect from FDI is significantly smaller —in …
Persistent link: https://www.econbiz.de/10010823162
This paper examines the long-run relationship between trade open-ness and economic growth across countries over the period 1960-2000. Two strategies are followed in empirical investigation. First, we extend the augmented neo-classical growth model with an openness variable and estimate it by...
Persistent link: https://www.econbiz.de/10010941520
In this paper, we investigate the robustness of the relationship between trade openness and long-run economic growth over the sample period 1960–2000, utilising Bayesian model averaging techniques to account for model uncertainty issues in a systematic manner. We find no evidence that trade...
Persistent link: https://www.econbiz.de/10011048896
Pro-Poor Growth (PPG) is the vision of combining high growth rates with poverty reduction.Due to the myriad of possible determinants of growth and poverty a unique theoretical model for guiding empirical work on PPG is absent, though.Bayesian Model Averaging is a statistically robust framework...
Persistent link: https://www.econbiz.de/10011091162
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian model averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011009978
Due to model uncertainty, there is no consensus about which are the most salient determinants of economic growth. To address model uncertainty, Bayesian Model Averaging approaches have recently been used in cross-country cross-sectional analyses. This paper extends these approaches to panel data...
Persistent link: https://www.econbiz.de/10005264556
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian Model Averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10008677601