000			02154cam a22003497 4500
001			w7750
003			NBER
005			20211020113534.0
006			m o d
007			cr cnu||||||||
008			210910s2000 mau fo 000 0 eng d
100	1		_aDoppelhofer, Gernot. _99456
245	1	0	_aDeterminants of Long-Term Growth: _bA Bayesian Averaging of Classical Estimates (BACE) Approach / _cGernot Doppelhofer, Ronald I. Miller, Xavier Sala-i-Martin.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2000.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w7750
500			_aJune 2000.
520	3		_aThis paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included variables. The weights applied to individual regressions are justified on Bayesian grounds in a way similar to the well-known Schwarz criterion. Of 32 explanatory variables we find 11 to be robustly partially correlated with long-term growth and another five variables to be marginally related. Of all the variables considered, the strongest evidence is for the initial level of real GDP per capita.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aO51 - U.S. • Canada _2Journal of Economic Literature class.
690		7	_aO52 - Europe _2Journal of Economic Literature class.
700	1		_aMiller, Ronald I. _916789
700	1		_aSala-i-Martin, Xavier.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w7750.
856	4	0	_uhttps://www.nber.org/papers/w7750
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w7750
942			_2ddc _cW-PAPER
999			_c340477 _d299039