COMPARISON OF MODEL AVERAGING TECHNIQUES: ASSESSING GROWTH DETERMINANTS
检验了三项使用贝叶斯模型平均研究经济增长不确定性的重要研究的可复制性,并用新开发的模型平均技术进行比较,发现结果接近。
SUMMARY This paper investigates the replicability of three important studies on growth theory uncertainty that employed Bayesian model averaging tools. We compare these results with estimates obtained using alternative, recently developed model averaging techniques. Overall, we successfully replicate all three studies, find that the sign and magnitude of these new estimates are reasonably close to those produced via traditional Bayesian methods and deploy a novel strategy to implement one of the new averaging estimators. Copyright © 2012 John Wiley & Sons, Ltd.