Hlouskova, Jaroslava; Wagner, Martin - In: Swiss Journal of Economics and Statistics (SJES) 149 (2013) IV, pp. 445-492
In this paper we use principal components augmented regressions (PCARs), partly in conjunction with model averaging, to determine the variables relevant for economic growth. The use of PCARs allows to effectively tackle two major problems that the empirical growth literature faces: (i) the...
