G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6548
DP6548 What Do We Learn from the Price of Crude Oil Futures?
Lutz Kilian; Ron Alquist
发表日期2007-11-02
出版年2007
语种英语
摘要Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures are sensitive to income differences across datasets. For example, many of the 1975-1996 growth determinants according to World Bank income data turn out to be irrelevant when using Penn World Table data instead (the WB adjusts for purchasing power using a slightly different methodology). And each revision of the 1960-1996 PWT income data brings substantial changes regarding growth determinants. We show that research based on stronger priors about potential growth determinants is more robust to imperfect international income data.
主题International Macroeconomics
关键词Growth regressions Robust growth determinants
URLhttps://cepr.org/publications/dp6548
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535387
推荐引用方式
GB/T 7714
Lutz Kilian,Ron Alquist. DP6548 What Do We Learn from the Price of Crude Oil Futures?. 2007.
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