Crespo Cuaresma, Jesus, Grün, Bettina, Hofmarcher, Paul, Humer, Stefan, Moser, Mathias. 2016. Unveiling Covariate Inclusion Structures In Economic Growth Regressions Using Latent Class Analysis. European Economic Review, 81, 189-202.
BibTeX
Abstract
We propose the use of Latent Class Analysis methods to analyze the covariate inclusion patterns across specifications resulting from Bayesian model averaging exercises. Using Dirichlet Process clustering, we are able to identify and describe dependency structures among variables in terms of inclusion in the specifications that compose the model space. We apply the method to two datasets of potential determinants of economic growth. Clustering the posterior covariate inclusion structure of the model space formed by linear regression models reveals interesting patterns of complementarity and substitutability across economic growth determinants.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | European Economic Review |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, VW-A, WH-B |
Language | English |
Title | Unveiling Covariate Inclusion Structures In Economic Growth Regressions Using Latent Class Analysis |
Volume | 81 |
Year | 2016 |
Page from | 189 |
Page to | 202 |
Reviewed? | Y |
URL | http://www.sciencedirect.com/science/article/pii/S0014292115000458 |
DOI | http://dx.doi.org/10.1016/j.euroecorev.2015.03.009 |
Associations
- People
- Crespo Cuaresma, Jesus (Details)
- Grün, Bettina (Details)
- Hofmarcher, Paul (Details)
- Humer, Stefan (Former researcher)
- Moser, Mathias (Details)
- Organization
- Department of Economics (Crespo Cuaresma) (Details)
- Institute for Economic Geography and GIScience IN (Details)
- Research Institute for Human Capital and Development
FI
(Former organization)
- Competence Center for Sustainability Transformation and Responsibility WE (Details)
- Economics of Inequality FI (Details)