Geography versus Institutions: New Perspectives on the Growth of Africa and the Middle East
AbstractThis article examines the growth performance of Africa and the Middle East for the period 1990-2005. It employs a Bayesian model-averaging method that constructs estimates as a weighted average of spatial autoregressive estimates for every possible combination of included variables. One of the results is that the inclusion of spatial dependences has a direct impact on the determinants of growth in Africa and the Middle East. A main contribution of this article is to consider geographical effects in a more flexible way, which allows an enriched comprehension of the role of institutional factors in explaining low economic development.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 168 (2012)
Issue (Month): 3 (September)
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Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
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