The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Model uncertainty in cross‐country growth regressions
Open accessAbstract
We investigate the issue of model uncertainty in cross‐country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is spread widely among many models, suggesting the superiority of BMA over choosing any single model. Out‐of‐sample predictive results support this claim. In contrast to Levine and Renelt (1992), our results broadly support the more ‘optimistic’ conclusion of Sala‐i‐Martin (1997b), namely that some variables are important regressors for explaining cross‐country growth patterns. However, care should be taken in the methodology employed. The approach proposed here is firmly grounded in statistical theory and immediately leads to posterior and predictive inference. Copyright © 2001 John Wiley & Sons, Ltd.
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Good, I. J. (1952) · Journal of the Royal Statistical Society Series B: Statistical Methodology · doi:10.1111/j.2517-6161.1952.tb00104.x · Cited by 976
I Just Ran Four Million Regressions
Sala-i-Martin, X. (1997) · doi:10.3386/w6252 · Cited by 960
Prediction via Orthogonalized Model Mixing
Clyde, M., Desimone, H., & Parmigiani, G. (1996) · Journal of the American Statistical Association · doi:10.1080/01621459.1996.10476989 · Cited by 145
Cited by
Hansen, B. E. (2007) · Econometrica · doi:10.1111/j.1468-0262.2007.00785.x · Cited by 837
Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth
Bazzi, S., & Clemens, M. A. (2013) · American Economic Journal: Macroeconomics · doi:10.1257/mac.5.2.152 · Cited by 640
Can digital financial inclusion promote China's economic growth?
Liu, Y., Luan, L., Wu, W., Zhang, Z., & Hsu, Y. (2021) · International Review of Financial Analysis · doi:10.1016/j.irfa.2021.101889 · Cited by 584
Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis
Iršová, Z., & Havránek, T. (2013) · World Development · doi:10.1016/j.worlddev.2012.07.001 · Cited by 361
Model Averaging and Its Use in Economics
Steel, M. F. J. (2020) · Journal of Economic Literature · doi:10.1257/jel.20191385 · Cited by 321
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Metadata
- Authors
- Fernández, C., Ley, E., & Steel, M. F. J.
- Venue
- Journal of Applied Econometrics
- Publisher
- Wiley
- Published
- 2001-09
- Volume
- 16
- Issue
- 5
- Pages
- 563-576
- ISSN
- 0883-7252 (ISSN-L)
- 1099-1255
- OpenAlex
- W2135728169
- Cited by
- 891
- References
- 3
- FWCI
- 41.16
- Type
- journal article
- Language
- en
- Open access
- green
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