IDEAS home Printed from https://ideas.repec.org/a/bla/manchs/v69y2001i4p457-476.html
   My bibliography  Save this article

Economic Development: Evidence from Directed Acyclic Graphs

Author

Listed:
  • David A. Bessler
  • Nathan Loper

Abstract

We use directed acyclic graphs to study post‐1970 cross‐section data from 79 world economies and a subset of 59 less developed economies. Openness to trade, government savings and natural resource exports are direct causes of GDP growth rate. Openness to trade and government savings contribute positively and natural resource exports contributes negatively to growth rate in GDP. An institutional quality index, agricultural productivity, life expectancy, initial GDP and a tropical climate dummy are related to but are not direct causes of GDP growth rate in one or more versions of the models uncovered. Implications on modeling are explored.

Suggested Citation

  • David A. Bessler & Nathan Loper, 2001. "Economic Development: Evidence from Directed Acyclic Graphs," Manchester School, University of Manchester, vol. 69(4), pages 457-476, September.
    • Handle: RePEc:bla:manchs:v:69:y:2001:i:4:p:457-476
    DOI: 10.1111/1467-9957.00258
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9957.00258
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9957.00258?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chen, Jing & Han, Qian & Ryu, Doojin & Tang, Jing, 2022. "Does the world smile together? A network analysis of global index option implied volatilities," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    2. Hogun Chong & Mary Zey & David A. Bessler, 2010. "On corporate structure, strategy, and performance: a study with directed acyclic graphs and PC algorithm," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(1), pages 47-62.
    3. repec:phd:pjdevt:pjd_2005_vol__xxxii_no__1-d is not listed on IDEAS
    4. Titus Awokuse, 2006. "Export-led growth and the Japanese economy: evidence from VAR and directed acyclic graphs," Applied Economics, Taylor & Francis Journals, vol. 38(5), pages 593-602.
    5. Selva Demiralp & Kevin Hoover & Stephen Perez, 2014. "Still puzzling: evaluating the price puzzle in an empirically identified structural vector autoregression," Empirical Economics, Springer, vol. 46(2), pages 701-731, March.
    6. Oxley, Les & Reale, Marco & Wilson, Granville Tunnicliffe, 2009. "Constructing structural VAR models with conditional independence graphs," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2910-2916.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manchs:v:69:y:2001:i:4:p:457-476. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.