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Robust Growth Determinants
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
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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
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Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach
Eicher, Theo S. - 2007
inherent in growth regressions. IBMA is essential to our estimation because the simultaneous consideration of model uncertainty …
Persistent link: https://www.econbiz.de/10012777687
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Panel Data Gravity Models of International Trade
Baltagi, Badi H. - 2014
their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … equations across pairs or regional units or even across cross-sectional units and time inevitably leads to a panel data …
Persistent link: https://www.econbiz.de/10013058498
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Technology Shocks and Aggregate Fluctuations in an Estimated Hybrid RBC Model
Malley, Jim - 2009
-Chain Monte-Carlo (MCMC) methods. Within this framework we extend Ireland's (2001, 2004) hybrid estimation approach to allow for a …
Persistent link: https://www.econbiz.de/10013160381
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Productivity Shocks and Aggregate Cycles in an Estimated Endogenous Growth Model
Malley, Jim; Woitek, Ulrich - 2021
Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate cycles in output, consumption, investment and hours. To contextualize our findings, we also assess whether the human capital...
Persistent link: https://www.econbiz.de/10013316363
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Contagious Exporting and Foreign Ownership : Evidence from Firms in Shanghai Using a Bayesian Spatial Bivariate Probit Model
Baltagi, Badi H. - 2018
. These findings are established through the estimation of a spatial bivariate probit model …
Persistent link: https://www.econbiz.de/10012916953
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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
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well …
Persistent link: https://www.econbiz.de/10013316605
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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