Growth Empirics Under Model Uncertainty: Is Africa Different?
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Bibliographic Details
Main Author: Tsangarides, Charalambos G. (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2005
Series:IMF Working Papers Working Paper No. 05/18
Links:http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
http://elibrary.imf.org/view/IMF001/02956-9781451860375/02956-9781451860375/02956-9781451860375.xml
Abstract:This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that: (i) in addition to initial conditions, various economic factors such as higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment, exogenous terms-of-trade shocks, and fixed geographical factors are robustly correlated with growth; (ii) what is good for growth around the world is, in principle, also good for growth in Africa; and (iii) political and institutional variables are particularly important in explaining African growth
Physical Description:1 Online-Ressource (33 p)
ISBN:1451860374
9781451860375