Limited Information Bayesian Model Averaging for Dynamic Panels with An Application to a Trade Gravity Model /

This paper extends the Bayesian Model Averaging framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information Bayesian Model Averaging (LIBMA) methodology and then test it using simulated data. Simulation res...

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Bibliographic Details
Main Author: Chen, Huigang
Other Authors: Mirestean, Alin, Tsangarides, Charalambos
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/230
Subjects:
WP
Online Access:Full text available on IMF