Last Night a Shrinkage Saved My Life: Economic Growth, Model Uncertainty and Correlated Regressors
We compare the predictive ability of Bayesian methods which deal simultaneously with model uncertainty and correlated regressors in the framework of cross-country growth regressions. In particular, we assess methods with spike and slab priors combined with different prior specifications for the slop...
| Main Authors: | , , , |
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| Format: | Others |
| Language: | en |
| Published: |
Wiley
2015
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| Online Access: | http://epub.wu.ac.at/4531/1/Hofmarcher_etal_2015_JF_shrinkage.pdf http://dx.doi.org/10.1002/for.2328 |