Model averaging and its use in economics

MFJ Steel - Journal of Economic Literature, 2020 - aeaweb.org
The method of model averaging has become an important tool to deal with model
uncertainty, for example in situations where a large amount of different theories exist, as are …

What remains of cross-country convergence?

P Johnson, C Papageorgiou - Journal of Economic Literature, 2020 - aeaweb.org
We examine the record of cross-country growth over the past fifty years and ask if
developing countries have made progress on closing the income gap between their per …

Weighted‐average least squares (WALS): a survey

JR Magnus, G De Luca - Journal of Economic Surveys, 2016 - Wiley Online Library
Abstract Model averaging has become a popular method of estimation, following increasing
evidence that model selection and estimation should be treated as one joint procedure …

Revisiting the determinants of entrepreneurship: A Bayesian approach

KP Arin, VZ Huang, M Minniti… - Journal of …, 2015 - journals.sagepub.com
Entrepreneurship has long been seen as an important instrument in stimulating and
generating economic growth. The amount of research trying to identify key factors that drive …

Portfolio capital flows before and after the Global Financial Crisis

TM Boonman - Economic Modelling, 2023 - Elsevier
Abstract The Global Financial Crisis had a substantial impact on the size and composition of
portfolio capital flows, which raises the question whether the factors driving these capital …

Finance and wealth inequality

I Hasan, R Horvath, J Mares - Journal of International Money and Finance, 2020 - Elsevier
Using a global sample, this paper investigates the determinants of wealth inequality
capturing various economic, financial, political, institutional, and geographical indicators …

Bayesian model averaging in the instrumental variable regression model

G Koop, R Leon-Gonzalez, R Strachan - Journal of Econometrics, 2012 - Elsevier
This paper considers the instrumental variable regression model when there is uncertainty
about the set of instruments, exogeneity restrictions, the validity of identifying restrictions and …

Uncovering value drivers of high performance soccer players

M Serna Rodríguez… - Journal of Sports …, 2019 - journals.sagepub.com
This article tries to uncover the drivers of soccer players' market value in the five major
European soccer leagues taking into account model uncertainty (variable selection) in a …

Robust open Bayesian analysis: Overfitting, model uncertainty, and endogeneity issues in multiple regression models

A Pacifico - Econometric Reviews, 2021 - Taylor & Francis
The paper develops a computational method to deal with some open issues related to
Bayesian model averaging for multiple linear models: overfitting, model uncertainty …

Endogeneity and panel data in growth regressions: A Bayesian model averaging approach

R Leon-Gonzalez, D Montolio - Journal of Macroeconomics, 2015 - Elsevier
Bayesian model averaging (BMA) has been successfully applied in the empirical growth
literature as a way to overcome the sensitivity of results to different model specifications. In …