We extend the literature on Bayesian model comparison for ordinary least-squares regression models to include spatial autoregressive and spatial error models. Our focus is on comparing models that consist of different matrices of explanatory variables. A Markov Chain Monte Carlo model...

This article examines the growth performance of Africa and the Middle East for the period 1990-2005. It employs a Bayesian Model Averaging method that constructs estimates as a weighted average of Spatial Autoregressive estimates for every possible combination of included variables. One of the...

This paper estimates the effects of knowledge spillovers on patent growth rates across 335 European regions over the 1989-1999 period. We propose a dynamic model based on an innovation production function. A Bayesian approach is used to take into account area-specific innovation and spatial...