Bayesian Model Averaging Employing Fixed and Flexible Priors: The BMS Package for R
Author
Abstract
Suggested Citation
DOI: http://hdl.handle.net/10.18637/jss.v068.i04
Download full text from publisher
References listed on IDEAS
- Martin Feldkircher & Stefan Zeugner, 2012.
"The impact of data revisions on the robustness of growth determinants—a note on ‘determinants of economic growth: Will data tell?’,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 27(4), pages 686-694, June.
- Feldkircher, Martin & Zeugner, Stefan, 2010. "The Impact of Data Revisions on the Robustness of Growth Determinants - A Note on 'Determinants of Economic Growth. Will Data Tell?'," Working Papers in Economics 2010-12, University of Salzburg.
- Martin Feldkircher, 2012.
"Forecast Combination and Bayesian Model Averaging: A Prior Sensitivity Analysis,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 31(4), pages 361-376, July.
- Feldkircher, Martin, 2010. "Forecast Combination and Bayesian Model Averaging - A Prior Sensitivity Analysis," Working Papers in Economics 2010-14, University of Salzburg.
- Jesús Crespo Cuaresma & Martin Feldkircher, 2013.
"Spatial Filtering, Model Uncertainty And The Speed Of Income Convergence In Europe,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(4), pages 720-741, June.
- Jesús Crespo-Cuaresma & Martin Feldkircher, 2009. "Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe," Working Papers 2009-17, Faculty of Economics and Statistics, Universität Innsbruck.
- Jesús Crespo Cuaresma & Martin Feldkircher, 2010. "Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe," Working Papers 160, Oesterreichische Nationalbank (Austrian Central Bank).
- Winford H. Masanjala & Chris Papageorgiou, 2008. "Rough and lonely road to prosperity: a reexamination of the sources of growth in Africa using Bayesian model averaging," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 23(5), pages 671-682.
- Ley, Eduardo & Steel, Mark F.J., 2012.
"Mixtures of g-priors for Bayesian model averaging with economic applications,"
Journal of Econometrics, Elsevier, vol. 171(2), pages 251-266.
- Ley, Eduardo & Steel, Mark F. J., 2010. "Mixtures of g-priors for Bayesian model averaging with economic applications," MPRA Paper 26941, University Library of Munich, Germany.
- Ley, Eduardo & Steel, Mark F.J., 2011. "Mixtures of g-priors for bayesian model averaging with economic applications," DES - Working Papers. Statistics and Econometrics. WS ws112116, Universidad Carlos III de Madrid. Departamento de EstadÃstica.
- Ley, Eduardo & Steel, Mark F. J., 2011. "Mixtures of g-priors for Bayesian model averaging with economic applications," MPRA Paper 36817, University Library of Munich, Germany.
- Ley, Eduardo & Steel, Mark F.J., 2011. "Mixtures of g-priors for Bayesian Model Averaging with economic application," Policy Research Working Paper Series 5732, The World Bank.
- Babecký, Jan & Havránek, Tomáš & Matějů, Jakub & Rusnák, Marek & Šmídková, Kateřina & Vašíček, Bořek, 2013.
"Leading indicators of crisis incidence: Evidence from developed countries,"
Journal of International Money and Finance, Elsevier, vol. 35(C), pages 1-19.
- Babecký, Jan & Havránek, Tomáš & Matĕjů, Jakub & Rusnák, Marek & Šmídková, Kateřina & Vašíček, Bořek, 2012. "Leading indicators of crisis incidence: evidence from developed countries," Working Paper Series 1486, European Central Bank.
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2014.
"Exchange market pressures during the financial crisis: A Bayesian model averaging evidence,"
Journal of International Money and Finance, Elsevier, vol. 40(C), pages 21-41.
- Martin Feldkircher & Roman Horvath & Marek Rusnak, 2013. "Exchange Market Pressures during the Financial Crisis: A Bayesian Model Averaging Evidence," Working Papers 332, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2013. "Exchange market pressures during the financial crisis: A Bayesian model averaging evidence," BOFIT Discussion Papers 11/2013, Bank of Finland Institute for Emerging Economies (BOFIT).
- Iršová, Zuzana & Havránek, Tomáš, 2013.
"Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis,"
World Development, Elsevier, vol. 42(C), pages 1-15.
- Tomas Havranek & Zuzana Irsova, 2011. "Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis," Working Papers 2011/07, Czech National Bank.
- Mathias Moser & Paul Hofmarcher, 2014.
"Model Priors Revisited: Interaction Terms In Bma Growth Applications,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(2), pages 344-347, March.
- Mathias Moser, 2012. "Dilution priors for groups of variables in BMA: An application to the recent financial crisis," EcoMod2012 4466, EcoMod.
- Antonio Ciccone & Marek Jarociński, 2010.
"Determinants of Economic Growth: Will Data Tell?,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 222-246, October.
- Antonio Ciccone & Marek Jarocinski, 2007. "Determinants of economic growth: Will data tell?," Economics Working Papers 1052, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2009.
- Marek Jarocinski & Antonio Ciccone, 2009. "Determinants of Economic Growth: Will Data Tell?," Working Papers 2009-36, FEDEA.
- Ciccone, Antonio & Jarociński, Marek, 2008. "Determinants of economic growth: will data tell?," Working Paper Series 852, European Central Bank.
- Ciccone, Antonio & Jarocinski, Marek, 2007. "Determinants of Economic Growth: Will Data Tell?," CEPR Discussion Papers 6544, C.E.P.R. Discussion Papers.
- Antonio Ciccone & Marek Jarocinski, 2010. "Determinants of Economic Growth: Will Data Tell?," Working Papers 1009, BBVA Bank, Economic Research Department.
- Jana Eklund & Sune Karlsson, 2007.
"Forecast Combination and Model Averaging Using Predictive Measures,"
Econometric Reviews, Taylor & Francis Journals, vol. 26(2-4), pages 329-363.
- Eklund, Jana & Karlsson, Sune, 2005. "Forecast Combination and Model Averaging using Predictive Measures," Working Paper Series 191, Sveriges Riksbank (Central Bank of Sweden).
- Eklund, Jana & Karlsson, Sune, 2005. "Forecast Combination and Model Averaging Using Predictive Measures," CEPR Discussion Papers 5268, C.E.P.R. Discussion Papers.
- Feldkircher, Martin, 2014.
"The determinants of vulnerability to the global financial crisis 2008 to 2009: Credit growth and other sources of risk,"
Journal of International Money and Finance, Elsevier, vol. 43(C), pages 19-49.
- Feldkircher, Martin, 2012. "The determinants of vulnerability to the global financial crisis 2008 to 2009: Credit growth and other sources of risk," BOFIT Discussion Papers 26/2012, Bank of Finland Institute for Emerging Economies (BOFIT).
- Jesús Crespo Cuaresma & Gernot Doppelhofer & Martin Feldkircher, 2014.
"The Determinants of Economic Growth in European Regions,"
Regional Studies, Taylor & Francis Journals, vol. 48(1), pages 44-67, January.
- Jesús Crespo-Cuaresma & Gernot Doppelhofer & Martin Feldkircher, 2008. "The Determinants of Economic Growth in European Regions," Working Papers 2008-26, Faculty of Economics and Statistics, Universität Innsbruck.
- Jesús Crespo-Cuaresma & Gernot Doppelhofer & Martin Feldkircher, 2009. "The Determinants of Economic Growth in European Regions," CESifo Working Paper Series 2519, CESifo.
- Jesús Crespo-Cuaresma & Gernot Doppelhofer & Martin Feldkircher, 2009. "The Determinants of Economic Growth in European Regions," wiiw Working Papers 57, The Vienna Institute for International Economic Studies, wiiw.
- Shahram Amini & Christopher F. Parmeter, 2011. "Bayesian Model Averaging in R," Working Papers 2011-9, University of Miami, Department of Economics.
- Roman Horvath & Marek Rusnak & Katerina Smidkova & Jan Zapal, 2014.
"The dissent voting behaviour of central bankers: what do we really know?,"
Applied Economics, Taylor & Francis Journals, vol. 46(4), pages 450-461, February.
- Horvath, Roman & Rusnak, Marek & Smidkova, Katerina & Zapal, Jan, 2011. "Dissent voting behavior of central bankers: what do we really know?," MPRA Paper 34638, University Library of Munich, Germany.
- Roman Horváth & Kateøina Šmídková & Jan Zápal & Marek Rusnák, 2012. "Dissent Voting Behavior of Central Bankers: What Do We Really Know?," Working Papers IES 2012/05, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Feb 2012.
- Martin Feldkircher & Stefan Zeugner, 2009. "Benchmark Priors Revisited: On Adaptive Shrinkage and the Supermodel Effect in Bayesian Model Averaging," IMF Working Papers 2009/202, International Monetary Fund.
- Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004.
"Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach,"
American Economic Review, American Economic Association, vol. 94(4), pages 813-835, September.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach," OECD Economics Department Working Papers 266, OECD Publishing.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," NBER Working Papers 7750, National Bureau of Economic Research, Inc.
- Liang, Feng & Paulo, Rui & Molina, German & Clyde, Merlise A. & Berger, Jim O., 2008. "Mixtures of g Priors for Bayesian Variable Selection," Journal of the American Statistical Association, American Statistical Association, vol. 103, pages 410-423, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Mark F. J. Steel, 2020.
"Model Averaging and Its Use in Economics,"
Journal of Economic Literature, American Economic Association, vol. 58(3), pages 644-719, September.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 81568, University Library of Munich, Germany.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 90110, University Library of Munich, Germany, revised 16 Nov 2018.
- Rockey, James & Temple, Jonathan, 2016.
"Growth econometrics for agnostics and true believers,"
European Economic Review, Elsevier, vol. 81(C), pages 86-102.
- James Rockey & Jonathan Temple, 2015. "Growth Econometrics for Agnostics and True Believers," Bristol Economics Discussion Papers 15/656, School of Economics, University of Bristol, UK.
- Temple, Jonathan & Rockey, James, 2015. "Growth Econometrics for Agnostics and True Believers," CEPR Discussion Papers 10590, C.E.P.R. Discussion Papers.
- Bruns, Stephan B. & Ioannidis, John P.A., 2020. "Determinants of economic growth: Different time different answer?," Journal of Macroeconomics, Elsevier, vol. 63(C).
- Ebersberger, Bernd & Galia, Fabrice & Laursen, Keld & Salter, Ammon, 2021. "Inbound Open Innovation and Innovation Performance: A Robustness Study," Research Policy, Elsevier, vol. 50(7).
- Anastasia Dimiski, 2020. "Factors that affect Students’ performance in Science: An application using Gini-BMA methodology in PISA 2015 dataset," Working Papers 2004, University of Guelph, Department of Economics and Finance.
- Man, Georg, 2015. "Competition and the growth of nations: International evidence from Bayesian model averaging," Economic Modelling, Elsevier, vol. 51(C), pages 491-501.
- Feldkircher, Martin, 2014.
"The determinants of vulnerability to the global financial crisis 2008 to 2009: Credit growth and other sources of risk,"
Journal of International Money and Finance, Elsevier, vol. 43(C), pages 19-49.
- Feldkircher, Martin, 2012. "The determinants of vulnerability to the global financial crisis 2008 to 2009: Credit growth and other sources of risk," BOFIT Discussion Papers 26/2012, Bank of Finland Institute for Emerging Economies (BOFIT).
- Aart Kraay & Norikazu Tawara, 2013. "Can specific policy indicators identify reform priorities?," Journal of Economic Growth, Springer, vol. 18(3), pages 253-283, September.
- D'Andrea, Sara, 2022.
"Are there any robust determinants of growth in Europe? A Bayesian Model Averaging approach,"
International Economics, Elsevier, vol. 171(C), pages 143-173.
- Sara D'Andrea, 2022. "Are there any robust determinants of growth in Europe? A Bayesian Model Averaging approach," International Economics, CEPII research center, issue 171, pages 143-173.
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2014.
"Exchange market pressures during the financial crisis: A Bayesian model averaging evidence,"
Journal of International Money and Finance, Elsevier, vol. 40(C), pages 21-41.
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2013. "Exchange market pressures during the financial crisis: A Bayesian model averaging evidence," BOFIT Discussion Papers 11/2013, Bank of Finland Institute for Emerging Economies (BOFIT).
- Martin Feldkircher & Roman Horvath & Marek Rusnak, 2013. "Exchange Market Pressures during the Financial Crisis: A Bayesian Model Averaging Evidence," Working Papers 332, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2014.
"Exchange market pressures during the financial crisis: A Bayesian model averaging evidence,"
Journal of International Money and Finance, Elsevier, vol. 40(C), pages 21-41.
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2013. "Exchange market pressures during the financial crisis: A Bayesian model averaging evidence," BOFIT Discussion Papers 11/2013, Bank of Finland Institute for Emerging Economies (BOFIT).
- Feldkircher, Martin & Horvath, Roman & Rusnak, Marek, 2013. "Exchange market pressures during the financial crisis : A Bayesian model averaging evidence," BOFIT Discussion Papers 11/2013, Bank of Finland, Institute for Economies in Transition.
- Martin Feldkircher & Roman Horvath & Marek Rusnak, 2013. "Exchange Market Pressures during the Financial Crisis: A Bayesian Model Averaging Evidence," Working Papers 332, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Marcin Błażejowski & Jacek Kwiatkowski & Jakub Gazda, 2019.
"Sources of Economic Growth: A Global Perspective,"
Sustainability, MDPI, vol. 11(1), pages 1-14, January.
- Błażejowski, Marcin & Kwiatkowski, Jacek & Gazda, Jakub, 2019. "Sources of Economic Growth: A Global Perspective," MPRA Paper 91322, University Library of Munich, Germany.
- repec:zbw:bofitp:2013_011 is not listed on IDEAS
- Ley, Eduardo & Steel, Mark F.J., 2012.
"Mixtures of g-priors for Bayesian model averaging with economic applications,"
Journal of Econometrics, Elsevier, vol. 171(2), pages 251-266.
- Ley, Eduardo & Steel, Mark F. J., 2010. "Mixtures of g-priors for Bayesian model averaging with economic applications," MPRA Paper 26941, University Library of Munich, Germany.
- Ley, Eduardo & Steel, Mark F.J., 2011. "Mixtures of g-priors for bayesian model averaging with economic applications," DES - Working Papers. Statistics and Econometrics. WS ws112116, Universidad Carlos III de Madrid. Departamento de EstadÃstica.
- Ley, Eduardo & Steel, Mark F. J., 2011. "Mixtures of g-priors for Bayesian model averaging with economic applications," MPRA Paper 36817, University Library of Munich, Germany.
- Ley, Eduardo & Steel, Mark F.J., 2011. "Mixtures of g-priors for Bayesian Model Averaging with economic application," Policy Research Working Paper Series 5732, The World Bank.
- Crespo Cuaresma, Jesus & von Schweinitz, Gregor & Wendt, Katharina, 2019.
"On the empirics of reserve requirements and economic growth,"
Journal of Macroeconomics, Elsevier, vol. 60(C), pages 253-274.
- Crespo-Cuaresma, Jesus & Schweinitz, Gregor von & Wendt, Katharina, 2018. "On the empirics of reserve requirements and economic growth," IWH Discussion Papers 8/2018, Halle Institute for Economic Research (IWH).
- Gernot Doppelhofer & Melvyn Weeks, 2011.
"Robust Growth Determinants,"
CESifo Working Paper Series
3354, CESifo.
- Doppelhofer, Gernot & Weeks, Melvyn, 2011. "Robust Growth Determinants," Discussion Paper Series in Economics 3/2011, Norwegian School of Economics, Department of Economics.
- Doppelhofer, G. & Weeks, M., 2011. "Robust Growth Determinants," Cambridge Working Papers in Economics 1117, Faculty of Economics, University of Cambridge.
- Iftekhar Hasan & Roman Horvath & Jan Mares, 2018.
"What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence,"
The World Bank Economic Review, World Bank, vol. 32(2), pages 383-409.
- Hasan, Iftekhar & Horvath, Roman & Mares, Jan, 2015. "What type of finance matters for growth? Bayesian model averaging evidence," Bank of Finland Research Discussion Papers 17/2015, Bank of Finland.
- Hasan,Iftekhar & Horvath,Roman & Mares,Jan, 2016. "What type of finance matters for growth ? Bayesian model averaging evidence," Policy Research Working Paper Series 7645, The World Bank.
- Michael Jetter & Christopher F. Parmeter, 2016. "Uncovering the determinants of corruption," Working Papers 2016-02, University of Miami, Department of Economics.
- repec:zbw:bofitp:2017_012 is not listed on IDEAS
- Kourtellos, Andros & Marr, Christa & Tan, Chih Ming, 2016.
"Robust determinants of intergenerational mobility in the land of opportunity,"
European Economic Review, Elsevier, vol. 81(C), pages 132-147.
- Andros Kourtellos & Christa Marr & Chih Ming Tan, 2014. "Robust Determinants of Intergenerational Mobility in the Land of Opportunity," University of Cyprus Working Papers in Economics 07-2014, University of Cyprus Department of Economics.
- Andros Kourtellos & Christa Marr & Chih Ming Tan, 2014. "Robust Determinants of Intergenerational Mobility in the Land of Opportunity," Working Paper series 20_14, Rimini Centre for Economic Analysis.
- Roman Horvath & Eva Horvatova & Maria Siranova, 2017.
"Financial Development, Rule of Law and Wealth Inequality: Bayesian Model Averaging Evidence,"
Working Papers
368, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Horvath, Roman & Horvatova, Eva & Siranova, Maria, 2017. "Financial development, rule of law and wealth inequality : Bayesian model averaging evidence," BOFIT Discussion Papers 12/2017, Bank of Finland, Institute for Economies in Transition.
- Horvath, Roman & Horvatova, Eva & Siranova, Maria, 2017. "Financial development, rule of law and wealth inequality: Bayesian model averaging evidence," BOFIT Discussion Papers 12/2017, Bank of Finland Institute for Emerging Economies (BOFIT).
- K. Benkovskis & B. Bluhm & E. Bobeica & C. Osbat & S. Zeugner, 2020.
"What drives export market shares? It depends! An empirical analysis using Bayesian model averaging,"
Empirical Economics, Springer, vol. 59(2), pages 817-869, August.
- Konstantins Benkovskis & Benjamin Bluhm & Elena Bobeica & Chiara Osbat & Stefan Zeugner, 2017. "What drives export market shares? It depends! An empirical analysis using Bayesian Model Averaging," Working Papers 2017/02, Latvijas Banka.
- Osbat, Chiara & Benkovskis, Konstantins & Bluhm, Benjamin & Bobeica, Elena & Zeugner, Stefan, 2017. "What drives export market shares? It depends! An empirical analysis using Bayesian Model Averaging," Working Paper Series 2090, European Central Bank.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jss:jstsof:v:068:i04. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: http://www.jstatsoft.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.