Determinants of Long-term Economic Development: An Empirical Cross-country Study Involving Rough Sets Theory and Rule Induction

Obersteiner M & Wilk S (1999). Determinants of Long-term Economic Development: An Empirical Cross-country Study Involving Rough Sets Theory and Rule Induction. Transition Economic Series, No. 11, Institute for Advanced Studies , Vienna, Austria.

[img]
Preview
Text
te-11.pdf - Published Version
Available under License Creative Commons Attribution.

Download (128kB) | Preview

Abstract

Empirical findings on determinants of long-term economic growth are numerous, sometimes inconsistent, highly exciting and still incomplete. The empirical analysis was almost exclusively carried out by standard econometrics. This study compares results gained by cross-country regressions as reported in the literature with those gained by the rough sets theory and rule induction. The main advantages of using rough sets are being able to classify classes and to discretize. Thus, we do not have to deal with distributional, independence, (log) linearity, and many other assumptions, but can keep the data as they are. The main difference between regression results and rough sets is that most education and human capital indicators can be labeled as robust attributes. In addition, we find that political indicators enter in a nonlinear fashion with respect to growth.

Item Type: Other
Uncontrolled Keywords: Economic growth, rough sets, rule induction
Research Programs: Forestry (FOR)
Bibliographic Reference: Transition Economic Series, No. 11, Institute for Advanced Studies, Vienna, Austria, September [1998]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:09
Last Modified: 18 Jul 2017 16:28
URI: http://pure.iiasa.ac.at/5479

Actions (login required)

View Item View Item

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313