This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. American Economic Journal: Macroeconomics
  4. October 2010
  5. Determinants of Economic Growth: Will Data Tell?

Determinants of Economic Growth: Will Data Tell?

  • Antonio Ciccone
  • Marek Jarociński
American Economic Journal: Macroeconomics
vol. 2, no. 4, October 2010
(pp. 222-46)
Download Full Text PDF

Abstract

Many factors inhibiting and facilitating economic growth have been suggested. Can agnostics rely on international income data to tell them which matter? We find that agnostic priors lead to conclusions that are sensitive to differences across available income estimates. For example, the PWT 6.2 revision of the 1960-1996 income estimates in the PWT 6.1 leads to substantial changes regarding the role of government, international trade, demography, and geography. We conclude that margins of error in international income estimates appear too large for agnostic growth empirics. (JEL O41, O47)

Citation

Ciccone, Antonio, and Marek Jarociński. 2010. "Determinants of Economic Growth: Will Data Tell?" American Economic Journal: Macroeconomics, 2 (4): 222-46. DOI: 10.1257/mac.2.4.222

Additional Materials

JEL Classification

  • O41 One, Two, and Multisector Growth Models
  • O47 Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
There are no comments for this article.
Login to Comment