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Robust Determinants of Growth in Asian Developing Economies: A Bayesian Panel Data Model Averaging Approach
https://doi.org/10.24545/00001284
https://doi.org/10.24545/0000128402db9c52-27fe-4401-91e4-edcfdb0361a7
| 名前 / ファイル | ライセンス | アクション |
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DP15-15.pdf (796.5 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
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| 公開日 | 2015-09-28 | |||||||||
| タイトル | ||||||||||
| タイトル | Robust Determinants of Growth in Asian Developing Economies: A Bayesian Panel Data Model Averaging Approach | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Determinants of Growth | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Bayesian Model Averaging | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Panel Data Model | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Inflation Threshold | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/00001284 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
LEON-GONZALEZ, Roberto
× LEON-GONZALEZ, Roberto
× VINAYAGATHASAN, Thanabalasingam
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| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | This paper investigates the determinants of growth in the Asian developing economies. We use Bayesian model averaging (BMA) in the context of a dynamic panel data growth regression to overcome the uncertainty over the choice of control variables. In addition, we use a Bayesian algorithm to analyze a large number of competing models. Among the explanatory variables, we include a non-linear function of inflation that allows for threshold effects. We use an unbalanced panel data set of 27 Asian developing countries over the period 1980–2009. Our empirical evidence on the determinants of growth suggests that an economy’s investment ratio is positively correlated to growth, whereas government consumption expenditure and terms of trade are negatively correlated. We also find evidence of a nonlinear relationship between inflation and economic growth, that is, inflation impedes economic growth when it exceeds 5.43% but does not have any significant effect on growth below that level. | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | JEL Classification Codes: O40, E31, C11, C23 | |||||||||
| 発行年 | ||||||||||
| 値 | 2015-09 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP15-15, 発行日 2015-09-28 |
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| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 関連サイト | ||||||||||
| 関連タイプ | isIdenticalTo | |||||||||
| 識別子タイプ | URI | |||||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/15-15.html | |||||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/15-15.html | |||||||||
| 著者情報 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | https://www.grips.ac.jp/list/jp/facultyinfo/leon_gonzalez_roberto/ | |||||||||
| 内容注記 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | First version: July, 2013 [13-12] http://id.nii.ac.jp/1295/00001123/ | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
