We present a Bayesian change point multiple regression methodology which simultaneously estimates the location of change points/regimes, the corresponding subset of independent variables per regime, as well as the associated regimes' regression parameters. Unlike existing switching multiple...

Our goal in this paper is to explore the validity of Wagner's Law in Saudi Arabia during the period (1970-2012) for real oil GDP and Non-oil GDP. Wagner's Law investigated that fundamental economic growth is validity to the public sector growth. In the previous studies have been tested the six...