The impact of data revisions on the robustness of growth determinants-a note on ‘determinants of economic growth: Will data tell?’ (replication data)

DOI

Ciccone and Jaroci-ski (American Economic Journal: Macroeconomics 2010; 2: 222-246) show that inference in Bayesian model averaging (BMA) can be highly sensitive to small data perturbations. In particular, they demonstrate that the importance attributed to potential growth determinants varies tremendously over different revisions of international income data. They conclude that agnostic priors appear too sensitive for this strand of growth empirics. In response, we show that the found instability owes much to a specific BMA set-up: first, comparing the same countries over data revisions improves robustness; second, much of the remaining variation can be reduced by applying an evenly agnostic but flexible prior.

Identifier
DOI https://doi.org/10.15456/jae.2022320.0725042368
Metadata Access https://www.da-ra.de/oaip/oai?verb=GetRecord&metadataPrefix=oai_dc&identifier=oai:oai.da-ra.de:775774
Provenance
Creator Feldkircher, Martin; Zeugner, Stefan
Publisher ZBW - Leibniz Informationszentrum Wirtschaft
Publication Year 2012
Rights Creative Commons Attribution 4.0 (CC-BY); Download
OpenAccess true
Contact ZBW - Leibniz Informationszentrum Wirtschaft
Representation
Language English
Resource Type Collection
Discipline Economics; Social and Behavioural Sciences