Determinants of Long-term Economic Development: An Empirical Cross-country Study Involving Rough Sets Theory and Rule Induction

Obersteiner, Michael and Wilk, Szymon (September 1999) Determinants of Long-term Economic Development: An Empirical Cross-country Study Involving Rough Sets Theory and Rule Induction. Reihe Transformationsökonomie / Transition Economics Series 11

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Abstract or Table of Contents

Abstract: Empirical findings on determinants of long-term economic growth are numerous, sometimes inconsistent, highly exciting and still incomplete. The empirical analysis was almost exclusively carried out by standard econometrics. This study compares results gained by cross-country regressions as reported in the literature with those gained by the rough sets theory and rule induction. The main advantages of using rough sets are being able to classify classes and to discretize. Thus, we do not have to deal with distributional, independence, (log-)linearity, and many other assumptions, but can keep the data as they are. The main difference between regression results and rough sets is that most education and human capital indicators can belabeled as robust attributes. In addition, we find that political indicators enter in a non-linear fashion with respect to growth.;

Item Type: IHS Series
Keywords: 'Economic growth' 'Rough sets' 'Rule induction'
Classification Codes (e.g. JEL): C49, F43, O40
Status: Published
Date Deposited: 26 Sep 2014 10:37
Last Modified: 01 Apr 2016 14:11
URI: http://irihs.ihs.ac.at/id/eprint/1202

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