dc.contributor.author | Magnus, Jan R. | de |
dc.contributor.author | Powell, Owen | de |
dc.contributor.author | Prüfer, Patricia | de |
dc.date.accessioned | 2011-08-06T02:54:00Z | de |
dc.date.accessioned | 2012-08-29T23:11:10Z | |
dc.date.available | 2012-08-29T23:11:10Z | |
dc.date.issued | 2009 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/26260 | |
dc.description.abstract | Parameter estimation under model uncertainty is a difficult and fundamental issue in econometrics. This paper compares the performance of various model averaging techniques. In particular, it contrasts Bayesian model averaging (BMA) — currently one of the standard methods used in growth empirics — with a new method called weighted-average least squares (WALS). The new method has two major advantages over BMA: its computational burden is trivial and it is based on a transparent definition of prior ignorance. The theory is applied to and sheds new light on growth empirics where a high degree of model uncertainty is typically present. | en |
dc.language | en | de |
dc.subject.ddc | Wirtschaft | de |
dc.subject.ddc | Economics | en |
dc.subject.other | C51; C52; C13; C11; Model averaging; Bayesian analysis; Growth determinants | |
dc.title | A comparison of two model averaging techniques with an application to growth empirics | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Journal of Econometrics | de |
dc.source.volume | 154 | de |
dc.publisher.country | NLD | |
dc.source.issue | 2 | de |
dc.subject.classoz | Economic Statistics, Econometrics, Business Informatics | en |
dc.subject.classoz | Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik | de |
dc.identifier.urn | urn:nbn:de:0168-ssoar-262608 | de |
dc.date.modified | 2011-08-08T09:31:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.gesis.collection | SOLIS;ADIS | de |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | 3 | de |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.rights.copyright | f | de |
dc.source.pageinfo | 139-153 | |
internal.identifier.classoz | 10905 | |
internal.identifier.journal | 195 | de |
internal.identifier.document | 32 | |
internal.identifier.ddc | 330 | |
dc.identifier.doi | https://doi.org/10.1016/j.jeconom.2009.07.004 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED | |