Mathias Moser
;
Paul Hofmarcher
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model priors revisited: interaction terms in bma growth applications (replication data)

This paper provides a sensitivity analysis on the prior choice for interaction terms for the results of Masanjala and Papageorgiou (Rough and lonely road to prosperity. Journal of Applied Econometrics 2008; 23: 671-682), which has been criticized for its implementation of interaction terms by Crespo Cuaresma (How different is Africa? Journal of Applied Econometrics 2011; 26: 1041-1047). We find that the discussed priors have similar predictive power and we also evaluate alternative prior solutions that account for the special nature of interaction terms.

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Suggested Citation

Moser, Mathias; Hofmarcher, Paul (2013): MODEL PRIORS REVISITED: INTERACTION TERMS IN BMA GROWTH APPLICATIONS (replication data). Version: 1. Journal of Applied Econometrics. Dataset. https://jda-test.zbw.eu/dataset/model-priors-revisited-interaction-terms-in-bma-growth-applications?activity_id=f3107a5e-fcf7-4e43-82fa-710c2c9070dd