GEOGRAPHICAL FEATURES VS. INSTITUTIONAL FACTORS: NEW PERSPECTIVES ON THE GROWTH OF AFRICA AND MIDDLE-EAST
This paper examines Africa’s and Middle East’s growth performance for the period 1990- 2005. It employs a Bayesian Model Averaging method that constructs estimates as a weighted average of Spatial Autoregressive estimates for every possible combination of included variables. One of the results of the paper is that the inclusion of spatial dependencies has a direct impact on the determinants of growth in Africa and Middle-East. Indeed, the methodology used in the paper offers an interesting response to the institution/geography debate on the explanation of growth and development. In particular, our methodology allows a selection of the institutional variables that count to explain low development since the geographical variables are partially integrated in the spatial dependence effect.
Year of publication: |
2009-06
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Authors: | Parent, Olivier ; Zouache, Abdallah |
Institutions: | Economic Research Forum (ERF) |
Saved in:
freely available
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