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How different is Africa? A comment on Masanjala and Papageorgiou

Authors

  • Jesus Crespo Cuaresma

    Corresponding author
    1. Department of Economics, Vienna University of Economics and Business; World Population Program, International Institute for Applied Systems Analysis (IIASA) and Austrian Institute of Economic Research (WIFO), Innsbruck, Austria
    • Vienna University of Economics and Business, Augasse 2-6, 1090 Vienna, Austria.
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Abstract

Masanjala and Papageorgiou (Rough and lonely road to prosperity: a reexamination of the sources of growth in Africa using Bayesian model averaging, Journal of Applied Econometrics 2008; 23(5): 671–682) use Bayesian model averaging to evaluate the existence of parameter heterogeneity between African and non-African countries in the framework of cross-country growth regressions. We show that their results are not robust to the use of a prior over the model space that respects the strong heredity principle put forward by Chipman (Chipman HA. 1996. Bayesian variable selection with related predictors. Canadian Journal of Statistics24: 17–36) for models including interaction terms. Copyright © 2010 John Wiley & Sons, Ltd.

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