Narrow search
Showing 1 - 10 of 1,011
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
The Great Mortgaging : Housing Finance, Crises, and Business Cycles
Jordà, Òscar - 2015
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10013032225
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model
Heer, Burkhard - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10013059476
Cover Image
Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility
Buch, Claudia M. - 2013
;Great Moderationquot; can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …
Persistent link: https://www.econbiz.de/10012753581