Determinants of regional economic growth by quantile

Crespo Cuaresma J, Foster N, & Stehrer R (2011). Determinants of regional economic growth by quantile. Regional Studies 45 (6): 809-826. DOI:10.1080/00343401003713456.

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Abstract

The robustness of growth determinants across European Union regions is analysed using quantile regression. Using Bayesian model averaging (BMA) on the class of quantile regression models, it is proposed that the set of relevant covariates is assessed, allowing or different effects across growth quantiles. The results indicate that the robust growth determinants differ across quantiles. The set of robust variables includes physical investment when taking country fixed-effects into account, and skill endowment and initial gross domestic product per capita when not. Even when a variable is found to be robust across quantiles, its estimated impact on growth is often found to vary across quantiles.

Item Type: Article
Uncontrolled Keywords: Bayesian model averaging (BMA); Quantile regression; Regional growth
Research Programs: World Population (POP)
Bibliographic Reference: Regional Studies; 45(6):809-826 (June 2011) (Published online 5 July 2010)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:45
Last Modified: 26 Feb 2016 12:24
URI: http://pure.iiasa.ac.at/9564

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