Geographical Features vs. Institutional Factors : New Perspectives on the Growth of Africa and Middle-East
Year: 2009
Type: other
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.
Source: HAL
Authors: Parent, Olivier, Zouache, Abdallah
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1498047920