Charemza, Wojciech W.Strachan, RodneyZurawski, Piotr2015-12-100165-1765http://hdl.handle.net/1885/64240This 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 includingKeywords: Bayesian averaging; Long-term growth; Selection bias; Selection of determinantsFalse posteriors for the long-term growth determinants201010.1016/j.econlet.2010.08.0262016-02-24