Search Results - subject:"Bayesian Model Averaging"

Trade openness and economic growth: Bayesian model averaging estimate of cross-country growth regressions

Eriṣ, Mehmet N.; Ulaṣan, Bülent - In: Economic Modelling 33 (2013) C, pp. 867-883

over the sample period 1960–2000, utilising Bayesian model averaging techniques to account for model uncertainty issues in …

Persistent link: https://www.econbiz.de/10011048896

Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis

Iršová, Zuzana; Havránek, Tomáš - In: World Development 42 (2013) C, pp. 1-15

The voluminous empirical research on horizontal productivity spillovers from foreign investors to domestic firms has yielded mixed results. In this paper we collect 1,205 estimates of spillovers and examine which factors influence spillover magnitude. Our results suggest that horizontal...

Persistent link: https://www.econbiz.de/10011052032

Does trust promote growth?

Horváth, Roman - In: Journal of Comparative Economics 41 (2013) 3, pp. 777-788

model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address …We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian …

Persistent link: https://www.econbiz.de/10011052841

Analyzing determinants of bond yield spreads with Bayesian Model Averaging

Maltritz, Dominik; Molchanov, Alexander - In: Journal of Banking & Finance 37 (2013) 12, pp. 5275-5284

indicate a high degree of uncertainty about the “true” regression model. We use Bayesian Model Averaging as the model selection …

Persistent link: https://www.econbiz.de/10011065680

Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach

Faust, Jon; Gilchrist, Simon; Wright, Jonathan H.; … - In: The Review of Economics and Statistics 95 (2013) 5, pp. 1501-1519

Employing a large number of financial indicators, we use Bayesian model averaging (BMA) to forecast real-time measures …

Persistent link: https://www.econbiz.de/10011009943

A Bayesian model averaging approach to analyzing categorical data with nonignorable nonresponse

Janicki, Ryan; Malec, Donald - In: Computational Statistics & Data Analysis 57 (2013) 1, pp. 600-614

In many surveys, the goal is to estimate the proportion of the population with a certain characteristic of interest. This estimation problem is often complicated by survey nonresponse and the difficulty in modeling the nonresponse mechanism. In this paper, a new method is developed for analyzing...

Persistent link: https://www.econbiz.de/10010580852

Early Warning Systems for Banking Crises in Montenegro: Combination of Signal Approach and Logit Model

Asanović, Željka - In: Transition Studies Review 20 (2013) 3, pp. 405-419

that are compared by Bayesian model averaging. Indicators of credit expansion proved to have dominant role in early warning …

Persistent link: https://www.econbiz.de/10010994562

Predicting short-term interest rates using Bayesian model averaging: Evidence from weekly and high frequency data

Chua, Chew Lian; Suardi, Sandy; Tsiaplias, Sarantis - In: International Journal of Forecasting 29 (2013) 3, pp. 442-455

This paper examines the forecasting performance of Bayesian model averaging (BMA) for a set of single factor models of …

Persistent link: https://www.econbiz.de/10010679036

Co-movements in Real Effective Exchange Rates: Evidence from the Dynamic Hierarchical Factor Model

Nagayasu, Jun - Scottish Institute for Research in Economics (SIRE) - 2013

We analyze and quantify co-movements in real effective exchange rates while considering the regional location of countries. More specifically, using the dynamic hierarchical factor model (Moench et al. (2011)), we decompose exchange rate movements into several latent components; worldwide and...

Persistent link: https://www.econbiz.de/10010722655

Policy Determinants of School Outcomes Under Model Uncertainty: Evidence from South Africa

Laurent, Thomas; Murtin, Fabrice; Barnard, Geoff; … - Economics Department, Organisation de Coopération et … - 2013

In this paper we assess the determinants of secondary school outcomes in South Africa. We use Bayesian Averaging Model techniques to account for uncertainty in the set of underlying factors that are chosen among a very large pool of explanatory variables in order to minimize the risk of omitted...

Persistent link: https://www.econbiz.de/10011276896