Limited Information Bayesian Model Averaging for Dynamic Panels with Short Time Periods /

Bayesian Model Averaging (BMA) provides a coherent mechanism to address the problem of model uncertainty. In this paper we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information Bayesian...

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Bibliographic Details
Main Author: Mirestean, Alin
Other Authors: Chen, Huigang, Tsangarides, Charalambos
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/074
Subjects:
Online Access:Full text available on IMF