模型先验再探:BMA增长应用中的交互项

MODEL PRIORS REVISITED: INTERACTION TERMS IN BMA GROWTH APPLICATIONS

Journal of Applied Econometrics · 2013
被引 23
人大 AABS 3

中文导读

对Masanjala和Papageorgiou研究中交互项的先验选择进行敏感性分析,发现讨论的先验预测能力相似,并评估了考虑交互项特殊性的替代先验方案。

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; 23 : 671–682), which has been criticized for its implementation of interaction terms by Crespo Cuaresma (How different is Africa? Journal of Applied Econometrics 2011; 26 : 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.

交互项先验贝叶斯模型平均经济增长敏感性分析