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Doppelhofer, Gernot - 2011

This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...

Persistent link: https://www.econbiz.de/10013129859

Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach

Eicher, Theo S. - 2007

We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...

Persistent link: https://www.econbiz.de/10012777687

Revisiting the Link between Growth and Federalism : A Bayesian Model Averaging Approach

Asatryan, Zareh - 2013

Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...

Persistent link: https://www.econbiz.de/10013077025

The Determinants of Economic Growth in European Regions

Cuaresma, Jesús Crespo - 2009

We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. We use three different specifications based on (1) the cross-section of regions, (2) the cross-section of regions with country...

Persistent link: https://www.econbiz.de/10012765299

Jointness of Growth Determinants

Doppelhofer, Gernot; Weeks, Melvyn - 2021

This paper introduces a new measure of dependence or jointness among explanatory variables. Jointness is based on the joint posterior distribution of variables over the model space, thereby taking model uncertainty into account. By looking beyond marginal measures of variable importance,...

Persistent link: https://www.econbiz.de/10013317072

Explaining Inequality between Countries : The Declining Role of Political Institutions

Hussey, Andrew - 2017

countries (representing 85 percent of the world population) from 1960-2012. Since 1988, inequality has marginally decreased …

Persistent link: https://www.econbiz.de/10012962120

Stock Markets, Banks and Long Run Economic Growth : A Panel Cointegration-Based Analysis

Cavenaile, Laurent - 2013

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …

Persistent link: https://www.econbiz.de/10013071385

A Panel Data Investigation of Real Exchange Rate Misalignment and Growth

MacDonald, Ronald - 2010

using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …

Persistent link: https://www.econbiz.de/10013142797

Employment Growth, Inflation and Output Growth : Was Phillips Right? Evidence from a Dynamic Panel

Caporale, Guglielmo Maria - 2013

dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger …

Persistent link: https://www.econbiz.de/10013092691

Is There a Debt-Threshold Effect on Output Growth?

Chudik, Alexander - 2015

develop tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent …

Persistent link: https://www.econbiz.de/10013019040