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Research & development and growth: A Bayesian model averaging analysis

✍ Scribed by Roman Horvath


Book ID
116424360
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
341 KB
Volume
28
Category
Article
ISSN
0264-9993

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## ABSTRACT In this study we evaluate the forecast performance of model‐averaged forecasts based on the predictive likelihood carrying out a prior sensitivity analysis regarding Zellner's __g__ prior. The main results are fourfold. First, the predictive likelihood does always better than the tradit