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False posteriors for the long-term growth determinants

Charemza, Wojciech W.; Strachan, Rodney; Zurawski, Piotr

Description

This paper shows: (1) bias may exist in Bayesian methods of selecting regressors; (2) the non-zero posterior inclusion probability of irrelevant regressors might affect the choice of regressors; and (3) how to compute the probability of falsely including

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
URI: http://hdl.handle.net/1885/64240
Source: Economics Letters
DOI: 10.1016/j.econlet.2010.08.026

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