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- Title
Fuentes del crecimiento económico en México: aplicación del promedio de modelos bayesia.
- Authors
Flores Márquez, Héctor; Jiménez Gómez, Adrián
- Abstract
The existence of heterogeneity in the literature that addresses the sources of economic growth, from an empirical point of view, generates a problem of uncertainty. The objective is to identify robust determinants of economic growth in Mexico by reducing the uncertainty of the model. To do so, the Bayesian Model Averaging (BMA) methodology is proposed, which analyzes many explanatory variables simultaneously. Thus, 28 possible determinants are considered in a sample that includes the 32 federal entities, to include the period 2010-2021. The BMA constructs various possible combinations of models to extract the most robust determinants. Similarly, the instrumental variables BMA (IVBMA) is used to consider possible endogeneity problems. The results show a set of significant economic, institutional, and social variables to understand economic growth in Mexico.
- Subjects
ECONOMIC expansion; SOCIAL factors; HETEROGENEITY; CORRUPTION
- Publication
Análisis Económico, 2024, Vol 39, Issue 102, p107
- ISSN
0185-3937
- Publication type
Article
- DOI
10.24275/uam/azc/dcsh/ae/2024v39n102/Flores