Papageorgiou, Chris; Henn, Christian; Eicher, Theo S. - International Monetary Fund (IMF) - 2008
Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity of the competing PTA theories, we introduce Bayesian Model Averaging (BMA) to the PTA literature....