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Persistent link: https://www.econbiz.de/10001226558
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
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/10013130083
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10013151806
From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP) of the United …
Persistent link: https://www.econbiz.de/10012552615
a nation. The measurement of considerable progress through the indicator/indicators is equally important. What if the …
Persistent link: https://www.econbiz.de/10013235738
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10013240994
activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across …
Persistent link: https://www.econbiz.de/10013255389
From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United …
Persistent link: https://www.econbiz.de/10012747809
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10012463450