Mr. Eduardo Ley

Quality of Government and Living Standards

Adjusting for the Efficiency of Public Spending

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted b...

We Just Averaged Over Two Trillion Cross-Country Growth Regressions

We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian model averaging (BMA). We find that the posterior pro...