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  1. On optimal Bayesian market mechanisms with credibility constraints
    the example of the CEECs and EU accession and enlargement processes
    Published: 2000

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 984 (57)
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9985503015
    Series: Preprint / Estonian Institute of Economics, Tallinn Technical University ; 57
    Subjects: EU-Mitgliedschaft; Bayes-Statistik; Glaubwürdigkeit; Osteuropa; European Union; European Union; European Union; Bayesian statistical decision theory
    Scope: 20 S
  2. Determinants of long-term growth
    a Bayesian Averaging of Classical Estimates (BACE) approach
    Published: 2000
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

    This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates ¤ (BACE), which constructs estimates as a weighted average of OLS... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (7750)
    Unlimited inter-library loan, copies and loan

     

    This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates ¤ (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included variables. The weights applied to individual regressions are justified on Bayesian grounds in a way similar to the well- known Schwarz criterion. Of 32 explanatory variables we find 11 to be robustly partially correlated with long-term growth and another five variables to be marginally related. Of all the variables considered, the strongest evidence is for the initial level of real GDP per capita.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 7750
    Subjects: Wirtschaftswachstum; Bayes-Statistik; Regressionsanalyse; Theorie; Schätzung; Welt; Bayesian statistical decision theory; Economic development
    Scope: 52 S, graph. Darst, a
    Notes:

    Literaturverz. S. 40 - 41

    Internetausg.: papers.nber.org/papers/W7750.pdf - lizenzpflichtig