Geographical Features Vs. Institutional Factors: New Perspectives On The Growth Of Africa And Middle-East
Abstract
This paper examines Africa’s and Middle East’s growth performance 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 of the paper is that the inclusion of spatial dependencies has a direct impact on the determinants of growth in Africa and Middle-East. Indeed, the methodology used in the paper offers an interesting response to the institution/geography debate on the explanation of growth and development. In particular, our methodology allows a selection of the institutional variables that count to explain low development since the geographical variables are partially integrated in the spatial dependence effect.Download Info
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Paper provided by Economic Research Forum in its series Working Papers with number 490.Length: 30 pages
Date of creation: Jun 2009
Date of revision: Jun 2009
Publication status: Published by The Economic Research Forum (ERF)
Handle: RePEc:erg:wpaper:490
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Keywords:This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-06-26 (Africa)
- NEP-ALL-2010-06-26 (All new papers)
- NEP-ARA-2010-06-26 (Arab World)
- NEP-FDG-2010-06-26 (Financial Development & Growth)
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