Frequentist Model Averaging with Nash Bargaining: A Stochastic Dominance Approach
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Andros Kourtellos & Thanasis Stengos & Chih ming Tan, 2010.
"Do institutions rule? The role of heterogeneity in the institutions vs. geography debate,"
Economics Bulletin, AccessEcon, vol. 30(3), pages 1710-1719.
- Andros Kourtellos & Thanasis Stengos & Chih Ming Tan, 2009. "Do Institutions Rule? The Role of Heterogeneity in the Institutions vs. Geography Debate," Working Papers 0910, University of Guelph, Department of Economics and Finance.
- Andros Kourtellos & Thanasis Strengos & Chih Ming Tan, 2009. "Do Institutions Rule? The Role of Heterogeneity in the Institutions vs. Geography Debate," Discussion Papers Series, Department of Economics, Tufts University 0735, Department of Economics, Tufts University.
- Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004.
"Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,"
Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
- Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," NBER Working Papers 9305, National Bureau of Economic Research, Inc.
- Rodrik, Dani & Subramanian, Arvind & Trebbi, Francesco, 2002. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," CEPR Discussion Papers 3643, C.E.P.R. Discussion Papers.
- Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," CID Working Papers 97, Center for International Development at Harvard University.
- R.J. Aumann & S. Hart (ed.), 2002.
"Handbook of Game Theory with Economic Applications,"
Handbook of Game Theory with Economic Applications,
Elsevier,
edition 1, volume 3, number 3.
- R.J. Aumann & S. Hart (ed.), 1994. "Handbook of Game Theory with Economic Applications," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 2, number 2.
- R.J. Aumann & S. Hart (ed.), 1992. "Handbook of Game Theory with Economic Applications," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 1, number 1.
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- Mark F. J. Steel, 2020.
"Model Averaging and Its Use in Economics,"
Journal of Economic Literature, American Economic Association, vol. 58(3), pages 644-719, September.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 90110, University Library of Munich, Germany, revised 16 Nov 2018.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 81568, University Library of Munich, Germany.
- Steven N. Durlauf & Andros Kourtellos & Chih Ming Tan, 2008.
"Are Any Growth Theories Robust?,"
Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
- StevenN. Durlauf & Andros Kourtellos & ChihMing Tan, 2008. "Are Any Growth Theories Robust?," Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
- Steven N. Durlauf & Andros Kourtellos & Chih Ming Tan, 2007. "Are any Growth Theories Robust?," University of Cyprus Working Papers in Economics 2-2007, University of Cyprus Department of Economics.
- Steven N. Durlauf & Andros KOURTELLOS & Chih Ming Tan, 2007. "Are Any Growth Theories Robust?," Discussion Papers Series, Department of Economics, Tufts University 0703, Department of Economics, Tufts University.
- Carmen Fernandez & Eduardo Ley & Mark F. J. Steel, 2001.
"Model uncertainty in cross-country growth regressions,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(5), pages 563-576.
- Carmen Fernandez & Eduardo Ley & Mark Steel, 1999. "Model uncertainty in cross-country growth regressions," Econometrics 9903003, University Library of Munich, Germany, revised 06 Oct 2001.
- Carmen Fernandez & Eduardo Ley & Mark Steel, 2001. "Model uncertainty in cross-country growth regressions," Econometrics 0110002, University Library of Munich, Germany.
- Zhang, Xinyu & Liu, Chu-An, 2019.
"Inference After Model Averaging In Linear Regression Models,"
Econometric Theory, Cambridge University Press, vol. 35(4), pages 816-841, August.
- Xinyu Zhang & Chu-An Liu, 2017. "Inference after Model Averaging in Linear Regression Models," IEAS Working Paper : academic research 17-A005, Institute of Economics, Academia Sinica, Taipei, Taiwan, revised Apr 2018.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
- N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
- Cazachevici, Alina & Havranek, Tomas & Horvath, Roman, 2020.
"Remittances and economic growth: A meta-analysis,"
World Development, Elsevier, vol. 134(C).
- Alina Cazachevici & Tomas Havranek & Roman Horvath, 2019. "Remittances and Economic Growth: A Meta-Analysis," Working Papers IES 2019/35, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2019.
- Andrews, Donald W. K., 1991. "Asymptotic optimality of generalized CL, cross-validation, and generalized cross-validation in regression with heteroskedastic errors," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 359-377, February.
- Gunby, Philip & Jin, Yinghua & Robert Reed, W., 2017.
"Did FDI Really Cause Chinese Economic Growth? A Meta-Analysis,"
World Development, Elsevier, vol. 90(C), pages 242-255.
- Philip Gunby & Yinghua Jin & W. Robert Reed, 2015. "Did FDI Really Cause Chinese Economic Growth? A Meta-Analysis," Working Papers in Economics 15/16, University of Canterbury, Department of Economics and Finance.
- Philip Gunby & Yinghua Jin & W. Robert Reed, 2016. "Did FDI Really Cause Chinese Economic Growth? A Meta-Analysis," Working Papers in Economics 16/15, University of Canterbury, Department of Economics and Finance.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2001.
"The Colonial Origins of Comparative Development: An Empirical Investigation,"
American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2000. "The Colonial Origins of Comparative Development: An Empirical Investigation," NBER Working Papers 7771, National Bureau of Economic Research, Inc.
- Liu, Chu-An, 2015.
"Distribution theory of the least squares averaging estimator,"
Journal of Econometrics, Elsevier, vol. 186(1), pages 142-159.
- Liu, Chu-An, 2013. "Distribution Theory of the Least Squares Averaging Estimator," MPRA Paper 54201, University Library of Munich, Germany.
- Magnus, Jan R. & Powell, Owen & Prüfer, Patricia, 2010. "A comparison of two model averaging techniques with an application to growth empirics," Journal of Econometrics, Elsevier, vol. 154(2), pages 139-153, February.
- Shahram M. Amini & Christopher F. Parmeter, 2012. "Comparison Of Model Averaging Techniques: Assessing Growth Determinants," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 27(5), pages 870-876, August.
- Arin, K. Peren & Braunfels, Elias & Doppelhofer, Gernot, 2019.
"Revisiting the growth effects of fiscal policy: A Bayesian model averaging approach,"
Journal of Macroeconomics, Elsevier, vol. 62(C).
- K. Peren Arin & Elias Braunfels & Gernot Doppelhofer, 2017. "Revisiting the growth effects of fiscal policy: A Bayesian model averaging approach," CAMA Working Papers 2017-68, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Leamer, Edward E., 1983. "Model choice and specification analysis," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 1, chapter 5, pages 285-330, Elsevier.
- Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004.
"Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach,"
American Economic Review, American Economic Association, vol. 94(4), pages 813-835, September.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach," OECD Economics Department Working Papers 266, OECD Publishing.
- Gernot Doppelhofer & Ronald I. Miller & Xavier Sala-i-Martin, 2000. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," NBER Working Papers 7750, National Bureau of Economic Research, Inc.
- Hansen, Bruce E. & Racine, Jeffrey S., 2012. "Jackknife model averaging," Journal of Econometrics, Elsevier, vol. 167(1), pages 38-46.
- Liao, Jun & Zou, Guohua & Gao, Yan & Zhang, Xinyu, 2021. "Model averaging prediction for time series models with a diverging number of parameters," Journal of Econometrics, Elsevier, vol. 223(1), pages 190-221.
- Bruce E. Hansen, 2007. "Least Squares Model Averaging," Econometrica, Econometric Society, vol. 75(4), pages 1175-1189, July.
- Stelios Arvanitis & Thierry Post & Nikolas Topaloglou, 2021. "Stochastic Bounds for Reference Sets in Portfolio Analysis," Management Science, INFORMS, vol. 67(12), pages 7737-7754, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Mark F. J. Steel, 2020.
"Model Averaging and Its Use in Economics,"
Journal of Economic Literature, American Economic Association, vol. 58(3), pages 644-719, September.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 81568, University Library of Munich, Germany.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 90110, University Library of Munich, Germany, revised 16 Nov 2018.
- Giuseppe Luca & Jan R. Magnus & Franco Peracchi, 2023.
"Weighted-Average Least Squares (WALS): Confidence and Prediction Intervals,"
Computational Economics, Springer;Society for Computational Economics, vol. 61(4), pages 1637-1664, April.
- Giuseppe De Luca & Jan R. Magnus & Franco Peracchi, 2021. "Weighted-average least squares (WALS): Confidence and prediction intervals," EIEF Working Papers Series 2108, Einaudi Institute for Economics and Finance (EIEF), revised May 2021.
- Giuseppe De Luca & Jan R. Magnus & Franco Peracchi, 2021. "Weighted-average least squares (WALS): Confidence and prediction intervals," Tinbergen Institute Discussion Papers 21-038/III, Tinbergen Institute.
- Liu, Chu-An, 2015.
"Distribution theory of the least squares averaging estimator,"
Journal of Econometrics, Elsevier, vol. 186(1), pages 142-159.
- Liu, Chu-An, 2013. "Distribution Theory of the Least Squares Averaging Estimator," MPRA Paper 54201, University Library of Munich, Germany.
- Steven N. Durlauf & Andros Kourtellos & Chih Ming Tan, 2008.
"Are Any Growth Theories Robust?,"
Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
- StevenN. Durlauf & Andros Kourtellos & ChihMing Tan, 2008. "Are Any Growth Theories Robust?," Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
- Steven N. Durlauf & Andros Kourtellos & Chih Ming Tan, 2007. "Are any Growth Theories Robust?," University of Cyprus Working Papers in Economics 2-2007, University of Cyprus Department of Economics.
- Steven N. Durlauf & Andros KOURTELLOS & Chih Ming Tan, 2007. "Are Any Growth Theories Robust?," Discussion Papers Series, Department of Economics, Tufts University 0703, Department of Economics, Tufts University.
- Eriṣ, Mehmet N. & Ulaṣan, Bülent, 2013. "Trade openness and economic growth: Bayesian model averaging estimate of cross-country growth regressions," Economic Modelling, Elsevier, vol. 33(C), pages 867-883.
- Rockey, James & Temple, Jonathan, 2016.
"Growth econometrics for agnostics and true believers,"
European Economic Review, Elsevier, vol. 81(C), pages 86-102.
- James Rockey & Jonathan Temple, 2015. "Growth Econometrics for Agnostics and True Believers," Bristol Economics Discussion Papers 15/656, School of Economics, University of Bristol, UK.
- Temple, Jonathan & Rockey, James, 2015. "Growth Econometrics for Agnostics and True Believers," CEPR Discussion Papers 10590, C.E.P.R. Discussion Papers.
- Dominika Ehrenbergerova & Josef Bajzik & Tomas Havranek, 2023.
"When Does Monetary Policy Sway House Prices? A Meta-Analysis,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(2), pages 538-573, June.
- Havranek, Tomas & Kolcunova, Dominika & Bajzik, Josef, 2021. "When Does Monetary Policy Sway House Prices? A Meta-Analysis," CEPR Discussion Papers 16196, C.E.P.R. Discussion Papers.
- Ehrenbergerova, Dominika & Bajzik, Josef & Havranek, Tomas, 2021. "When Does Monetary Policy Sway House Prices? A Meta-Analysis," MetaArXiv npeqs_v1, Center for Open Science.
- Josef Bajzik & Dominika Ehrenbergerova & Tomas Havranek, 2021. "When Does Monetary Policy Sway House Prices? A Meta-Analysis," Working Papers IES 2021/17, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2021.
- Ehrenbergerova, Dominika & Bajzik, Josef & Havranek, Tomas, 2021. "When Does Monetary Policy Sway House Prices? A Meta-Analysis," EconStor Preprints 234126, ZBW - Leibniz Information Centre for Economics.
- Theo S. Eicher & Monique Newiak, 2013.
"Intellectual property rights as development determinants,"
Canadian Journal of Economics, Canadian Economics Association, vol. 46(1), pages 4-22, February.
- Theo S. Eicher & Monique Newiak, 2013. "Intellectual property rights as development determinants," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(1), pages 4-22, February.
- Theo S Eicher & Monique Newiak, 2011. "Intellectual Property Rights as Development Determinants," Working Papers UWEC-2011-13-P, University of Washington, Department of Economics.
- Giuseppe De Luca & Jan Magnus & Franco Peracchi, 2022.
"Asymptotic properties of the weighted average least squares (WALS) estimator,"
Tinbergen Institute Discussion Papers
22-022/III, Tinbergen Institute.
- Giuseppe De Luca & Jan R. Magnus & Franco Peracchi, 2022. "Asymptotic properties of the weighted-average least squares (WALS) estimator," EIEF Working Papers Series 2203, Einaudi Institute for Economics and Finance (EIEF), revised Mar 2022.
- Moral-Benito, Enrique, 2010.
"Model averaging in economics,"
MPRA Paper
26047, University Library of Munich, Germany.
- Enrique Moral-Benito, 2011. "Model averaging in economics," Working Papers 1123, Banco de España.
- Enrique Moral-Benito, 2010. "Model Averaging in Economics," Working Papers wp2010_1008, CEMFI.
- Andros Kourtellos & Charalambos G. Tsangarides, 2022.
"Robust Correlates of Growth Spells: Do Inequality and Redistribution Matter?,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(6), pages 1302-1328, December.
- Andros Kourtellos & Charalambos G. Tsangarides, 2015. "Robust Correlates of Growth Spells: Do Inequality and Redistribution Matter?," Working Paper series 15-20, Rimini Centre for Economic Analysis.
- Farid Gasmi & Laura Recuero Virto & Denis Couvet, 2023. "An empirical analysis of economic growth in countries exposed to coastal risks: Implications for their ecosystems," Post-Print hal-04547896, HAL.
- Gasmi, Farid & Recuero Virto, Laura & Couvet, Denis, 2023. "An empirical analysis of economic growth in countries exposed to coastal risks - Implications for their ecosystems," TSE Working Papers 23-1399, Toulouse School of Economics (TSE).
- Ulaşan, Bülent, 2011. "Cross-country growth empirics and model uncertainty: An overview," Economics Discussion Papers 2011-37, Kiel Institute for the World Economy (IfW Kiel).
- Magnus, Jan R. & Powell, Owen & Prüfer, Patricia, 2010. "A comparison of two model averaging techniques with an application to growth empirics," Journal of Econometrics, Elsevier, vol. 154(2), pages 139-153, February.
- D'Andrea, Sara, 2022.
"Are there any robust determinants of growth in Europe? A Bayesian Model Averaging approach,"
International Economics, Elsevier, vol. 171(C), pages 143-173.
- Sara D'Andrea, 2022. "Are there any robust determinants of growth in Europe? A Bayesian Model Averaging approach," International Economics, CEPII research center, issue 171, pages 143-173.
- Gasmi, Farid & Recuero Virto, Laura & Couvet, Denis, 2022. "Empirical analysis of the anthropogenic pressure on the mangrove blue carbon-economic growth relationship," TSE Working Papers 22-1307, Toulouse School of Economics (TSE).
- Bajzik, Josef, 2021.
"Trading volume and stock returns: A meta-analysis,"
International Review of Financial Analysis, Elsevier, vol. 78(C).
- Josef Bajzik, 2020. "Trading Volume and Stock Returns: A Meta-Analysis," Working Papers IES 2020/45, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2020.
- Kevin S. Nell & A.P. Thirlwall, 2017.
"Why does the productivity of investment vary across countries?,"
PSL Quarterly Review, Economia civile, vol. 70(282), pages 213-245.
- Kevin S. Nell & A.P. Thirlwall, 2017. "Why Does the Productivity of Investment Vary Across Countries?," Studies in Economics 1703, School of Economics, University of Kent.
- Michael S. Delgado & Daniel J. Henderson & Christopher F. Parmeter, 2014.
"Does Education Matter for Economic Growth?,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(3), pages 334-359, June.
- Michael S. Delgado & Daniel J. Henderson & Christopher F. Parmeter, 2011. "Does Education Matter for Economic Growth?," Working Papers 2011-13, University of Miami, Department of Economics.
- Delgado, Michael S. & Henderson, Daniel J. & Parmeter, Christopher F., 2012. "Does Education Matter for Economic Growth?," IZA Discussion Papers 7089, Institute of Labor Economics (IZA).
More about this item
Keywords
frequentistic model averaging; Jacknife MA; Mallows MA; multi-objective optimization; stochastic dominance; approximate bound; â„“p-scalarization; Nash bargaining solution; growth regressions;All these keywords.
JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ECM-2025-06-16 (Econometrics)
- NEP-GTH-2025-06-16 (Game Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:1535. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Babcock (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.