Showing 1 - 3 of 3
This paper explores ways to integrate model uncertainty into policy evaluation. We first describe a general framework for the incorporation of model uncertainty into standard econometric calculations. This framework employs Bayesian model averaging methods that have begun to appear in a range of...
Persistent link: https://www.econbiz.de/10012467771
This paper seeks to contribute to discussion of the reasonableness of sometimes seemingly innocent assumptions used in theoretical trade models that the direction of trade is both predetermined for each good for each country and fixed. Here, we provide computational evidence as to the...
Persistent link: https://www.econbiz.de/10012470557
ranked according to the information restrictions employed in constructing noise estimates. Our results show that … information sets that exclude those variables …
Persistent link: https://www.econbiz.de/10012476117