Model Priors Revisited: Interaction Terms in Bma Growth Applications

B-Tier
Journal: Journal of Applied Econometrics
Year: 2014
Volume: 29
Issue: 2
Pages: 344-347

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

SUMMARY This paper provides a sensitivity analysis on the prior choice for interaction terms for the results of Masanjala and Papageorgiou (Rough and lonely road to prosperity. Journal of Applied Econometrics 2008; <b>23</b>: 671–682), which has been criticized for its implementation of interaction terms by Crespo Cuaresma (How different is Africa? Journal of Applied Econometrics 2011; <b>26</b>: 1041–1047). We find that the discussed priors have similar predictive power and we also evaluate alternative prior solutions that account for the special nature of interaction terms. Copyright © 2013 John Wiley & Sons, Ltd.

Technical Details

RePEc Handle
repec:wly:japmet:v:29:y:2014:i:2:p:344-347
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-26