, O11, O40 Keywords: liberal policy, economic freedom, economic growth, Bayesian model averaging, principal components ∗ I …. Section 4 discusses the concept of Bayesian model averaging (BMA). Section 5 brie�y explains principal components analysis and … (RESPOINT) (Isham et al., 2005). 4 Bayesian Model Averaging Even when the main focus is on a political economy approach, one can …

classifications: O23, O40 Keywords: macroeconomic policy, economic growth, Washington Consensus, Bayesian Model Averaging …- plications of Bayesian model averaging to economic problems, and so we discuss the main ideas only briefly, drawing on the …

, economic growth, Bayesian model averaging, principal components ∗ I am grateful to Jonathan Temple for various useful comments … in this context. This paper adopts a Bayesian model averaging (BMA) approach to deal with the model uncertainty problem … Consensus policy indicators and some key explanatory variables. Section 4 discusses the concept of Bayesian model averaging (BMA …

the robustness of institutions in growth regressions by means of the Bayesian Model Averaging methodology to find that …

Bayesian Model Averaging (BMA) has recently been discussed in the financial literature as an effective way to account …

uncertainty by using Bayesian Model Averaging. …

datasets. In this paper we use Bayesian model averaging (BMA) to document the cross-country partial correlations between …

model averaging. Our results suggest that domestic housing prices, share prices, and credit growth, and some global … prediction horizon by using panel vector autoregression. Second, we identify the most useful leading indicators with Bayesian …