Concept-Based Bayesian Model Averaging and Growth Empirics

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 2014
Volume: 76
Issue: 6
Pages: 874-897

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

type="main" xml:id="obes12068-abs-0001"> <title type="main">Abstract</title> <p>In specifying a regression equation, we need to specify which regressors to include, but also how these regressors are measured. This gives rise to two levels of uncertainty: concepts (level 1) and measurements within each concept (level 2). In this paper we propose a hierarchical weighted least squares (HWALS) method to address these uncertainties. We examine the effects of different growth determinants taking explicit account of the measurement problem in the growth regressions. We find that estimates produced by HWALS provide intuitive and robust explanations. We also consider approximation techniques which are useful when the number of variables is large or when computing time is limited.

Technical Details

RePEc Handle
repec:bla:obuest:v:76:y:2014:i:6:p:874-897
Journal Field
General
Author Count
2
Added to Database
2026-01-25