Dynamics of global economic growth: a Bayesian exploration of basic and augmented Solow models

The Solow growth model has long served as a cornerstone in economic theory, offering critical insights for formulating growth policies. Nevertheless, its principal limitation is the omitted variable bias arising from the inclusion of constant exogenous variables. Furthermore, the frequentist framewo...

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Bibliographic Details
Main Authors: Nguyen Thi My Diem, Nguyen Ngoc Thach
Format: Article
Language:English
Published: Taylor & Francis Group 2025-12-01
Series:Cogent Economics & Finance
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2025.2452891
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