Translated title: Determinants of Economic Growth: A Bayesian Model Averaging
Authors: Kudashvili, Nikoloz ; Horváth, Roman (advisor) ; Havránek, Tomáš (referee)
Document type: Master’s theses
Year: 2013
Language: eng
Abstract: MASTER THESIS Determinants of Economic Growth: A Bayesian Model Averaging Author: Bc. Nikoloz Kudashvili Abstract The paper estimates the economic growth determinants across 72 countries using a Bayesian Model Averaging. Unlike the other studies we include debt to GDP ratio as an explanatory variable among 29 growth determinants. For given values of the other variables debt to GDP ratio up to the threshold level is positively related with the growth rate. The coefficient on the ratio has nearly 0.8 posterior inclusion probability suggesting that debt to GDP ratio is an important long term growth determinant. We find that the initial level of GDP, life expectancy and equipment investments have a strong effect on the GDP per capita growth rate together with the debt to GDP ratio.
Keywords: Bayesian model averaging; Economic growth; Bayesiánský model průměrování; Ekonomický růst

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/52632

Permalink: http://www.nusl.cz/ntk/nusl-321944


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Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses