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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10590 |
DP10590 Growth Econometrics for Agnostics and True Believers | |
Jonathan Temple; James Rockey | |
发表日期 | 2015-05-10 |
出版年 | 2015 |
语种 | 英语 |
摘要 | The issue of model uncertainty is central to the empirical study of economic growth. Many recent papers use Bayesian Model Averaging to address model uncertainty, but Ciccone and Jarocinski (2010) have questioned the approach on theoretical and empirical grounds. They argue that a standard 'agnostic' approach is too sensitive to small changes in the dependent variable, such as those associated with different vintages of the Penn World Table (PWT). This paper revisits their theoretical arguments and empirical illustration, drawing on more recent vintages of the PWT, and introducing an approach that limits the degree of agnosticism. |
主题 | International Macroeconomics |
关键词 | Bayesian model averaging Growth econometrics Growth regressions |
URL | https://cepr.org/publications/dp10590 |
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/539422 |
推荐引用方式 GB/T 7714 | Jonathan Temple,James Rockey. DP10590 Growth Econometrics for Agnostics and True Believers. 2015. |
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