We measure area-specific human poverty in the European Union (EU) at the second level of the nomenclature of territorial units for statistics (NUTS 2). We construct a regional human poverty index (RHPI), which comprises four dimensions: social exclusion, knowledge, a decent standard of living,...

We measure area-specific human poverty in the European Union (EU) at the second level of the nomenclature of territorial units for statistics (NUTS 2). We construct a regional human poverty index (RHPI), which comprises four dimensions: social exclusion, knowledge, a decent standard of living,...

The main goal of the article is to investigate forecasting quality of two approaches to modelling main macroeconomic variables without a priori assumptions concerning causality and generate forecasts without additional assumptions regarding regressors. With application of tendency survey data...

The article compares forecast quality from two atheoretical models. Neither method assumed a priori causality and forecasts were generated without additional assumptions about regressors. Tendency survey data was used within the Bayesian averaging of classical estimates (BACE) framework and...