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01849cas a2200241 a 4500 |
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|c 5.00 USD
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|z 9781451860375
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|a 1018-5941
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|a Tsangarides, Charalambos.
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|a Growth Empirics Under Model Uncertainty :
|b Is Africa Different? /
|c Charalambos Tsangarides.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that: (i) in addition to initial conditions, various economic factors such as higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment, exogenous terms-of-trade shocks, and fixed geographical factors are robustly correlated with growth; (ii) what is good for growth around the world is, in principle, also good for growth in Africa; and (iii) political and institutional variables are particularly important in explaining African growth.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2005/018
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/018/001.2005.issue-018-en.xml
|z IMF e-Library
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