Mathias Moser
Paul Hofmarcher

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.

Data and Resources

Suggested Citation

Moser, Mathias; Hofmarcher, Paul (2014): MODEL PRIORS REVISITED: INTERACTION TERMS IN BMA GROWTH APPLICATIONS (replication data). Version: 1. Journal of Applied Econometrics. Dataset.