Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
965668 | Journal of Macroeconomics | 2007 | 21 Pages |
Abstract
Our analysis generates three results that strongly support different dimensions of parameter heterogeneity. First, while a large number of regressors can be identified as growth determinants in Non-OECD countries, the same regressors are irrelevant for OECD countries. Second, Non-OECD countries and the global sample feature only a handful of common growth determinants. Third, and most devastatingly, the long list of variables included in popular cross-country datasets does not contain regressors that begin to satisfactorily characterize the basic growth determinants in OECD countries.
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Authors
Theo S. Eicher, Chris Papageorgiou, Oliver Roehn,