How different is Africa? A comment on Masanjala and Papageorgiou

Crespo Cuaresma J (2011). How different is Africa? A comment on Masanjala and Papageorgiou. Journal of Applied Econometrics 26 (6): 1041-1047. DOI:10.1002/jae.1180.

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Abstract

Masanjala and Papageorgiou (Rough and lonely road to prosperity: a reexamination of the sources of growth in Africa using Bayesian model averaging, Journal of Applied Econometrics 2008; 23(5):671-682) use Bayesian model averaging to evaluate the existence of parameter heterogeneity between African and non-African countries in the framework of cross-country growth regressions. We show that their results are not robust to the use of a prior over the model space that respects the strong heredity principle put forward by Chipman for models including interaction terms.

Item Type: Article
Research Programs: World Population (POP)
Bibliographic Reference: Journal of Applied Econometrics; 26(6):1041-1047 (September/October 2011) (Published online 26 April 2010)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:45
Last Modified: 23 Feb 2016 12:53
URI: http://pure.iiasa.ac.at/9533

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