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dc.contributor.authorDurlauf, Steven N.en
dc.contributor.authorKourtellos, Androsen
dc.contributor.authorTan, Chih Mingen
dc.creatorDurlauf, Steven N.en
dc.creatorKourtellos, Androsen
dc.creatorTan, Chih Mingen
dc.date.accessioned2019-05-03T05:22:04Z
dc.date.available2019-05-03T05:22:04Z
dc.date.issued2008
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47287
dc.description.abstractThis article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that so-called fundamental growth theories play an important role in explaining aggregate growth. In contrast, we find strong evidence for macroeconomic policy effects and a role for unexplained regional heterogeneity, as well as some evidence of parameter heterogeneity in the aggregate production function. We conclude that the ability of cross-country growth regressions to adjudicate the relative importance of alternative growth theories is limited. © Copyright 2008 by the Royal Economic Society (Registered Charity No. 231508).en
dc.language.isoengen
dc.sourceEconomic Journalen
dc.subjectmacroeconomicsen
dc.subjectnumerical modelen
dc.subjectconference proceedingen
dc.subjecteconomic policyen
dc.subjectempirical analysisen
dc.subjectgrowth modelingen
dc.subjectgrowth theoryen
dc.subjectparameterizationen
dc.subjectregression analysisen
dc.subjectuncertainty analysisen
dc.titleAre any growth theories robust?en
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1111/j.1468-0297.2007.02123.x
dc.description.volume118
dc.description.startingpage329
dc.description.endingpage346
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidKourtellos, Andros [0000-0001-9662-0420]
dc.description.totalnumpages329-346


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