Geographical Features vs. Institutional Factors: New Perspectives on The Growth of Africa and Middle-East

Olivier Parent and Abdallah Zouache

No 490, Working Papers from Economic Research Forum

Abstract: This paper examines Africa’s and Middle East’s growth performance for the period 1990- 2005. It employs a Bayesian Model Averaging method that constructs estimates as a weighted average of Spatial Autoregressive estimates for every possible combination of included variables. One of the results of the paper is that the inclusion of spatial dependencies has a direct impact on the determinants of growth in Africa and Middle-East. Indeed, the methodology used in the paper offers an interesting response to the institution/geography debate on the explanation of growth and development. In particular, our methodology allows a selection of the institutional variables that count to explain low development since the geographical variables are partially integrated in the spatial dependence effect.

Pages: 30 pages
Date: 2009-06, Revised 2009-06
New Economics Papers: this item is included in nep-afr, nep-ara and nep-fdg
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Working Paper: Geographical Features vs. Institutional Factors: New Perspectives on the Growth of Africa and Middle-East (2009)
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