التفاصيل البيبلوغرافية
| العنوان: |
An analysis of the impact of R&D on productivity using Bayesian model averaging with a reversible jump algorithm. |
| المؤلفون: |
Balcombe, Kelvin George, Rapsomanikis, George |
| بيانات النشر: |
Oxford University Press |
| سنة النشر: |
2010 |
| المجموعة: |
CentAUR: Central Archive at the University of Reading |
| الوصف: |
A Bayesian Model Averaging approach to the estimation of lag structures is introduced, and applied to assess the impact of R&D on agricultural productivity in the US from 1889 to 1990. Lag and structural break coefficients are estimated using a reversible jump algorithm that traverses the model space. In addition to producing estimates and standard deviations for the coe¢ cients, the probability that a given lag (or break) enters the model is estimated. The approach is extended to select models populated with Gamma distributed lags of di¤erent frequencies. Results are consistent with the hypothesis that R&D positively drives productivity. Gamma lags are found to retain their usefulness in imposing a plausible structure on lag coe¢ cients, and their role is enhanced through the use of model averaging. |
| نوع الوثيقة: |
article in journal/newspaper |
| اللغة: |
unknown |
| Relation: |
Balcombe, K. G. and Rapsomanikis, G. (2010) An analysis of the impact of R&D on productivity using Bayesian model averaging with a reversible jump algorithm. American Journal of Agricultural Economics, 92 (4). pp. 985-998. ISSN 0002-9092 doi: https://doi.org/10.1093/ajae/aaq050 |
| الاتاحة: |
https://centaur.reading.ac.uk/17640/ |
| رقم الانضمام: |
edsbas.59107CB5 |
| قاعدة البيانات: |
BASE |