{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,8]],"date-time":"2026-08-08T17:12:32Z","timestamp":1786209152335,"version":"build-2736575974"},"reference-count":8,"publisher":"Wiley","issue":"4","license":[{"start":{"date-parts":[[2014,4,17]],"date-time":"2014-04-17T00:00:00Z","timestamp":1397692800000},"content-version":"vor","delay-in-days":685,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2012,6]]},"abstract":"<jats:title>SUMMARY<\/jats:title><jats:p>Ciccone and Jaroci\u0144ski (<jats:italic>American Economic Journal: Macroeconomics<\/jats:italic> 2010; <jats:bold>2<\/jats:bold>: 222\u2013246) show that inference in Bayesian model averaging (BMA) can be highly sensitive to small data perturbations. In particular, they demonstrate that the importance attributed to potential growth determinants varies tremendously over different revisions of international income data. They conclude that \u2018agnostic\u2019 priors appear too sensitive for this strand of growth empirics. In response, we show that the found instability owes much to a specific BMA set\u2010up: first, comparing the <jats:italic>same<\/jats:italic> countries over data revisions improves robustness; second, much of the remaining variation can be reduced by applying an evenly \u2018agnostic\u2019 but flexible prior. Copyright \u00a9 2012 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2265","type":"journal-article","created":{"date-parts":[[2014,4,24]],"date-time":"2014-04-24T11:06:24Z","timestamp":1398337584000},"page":"686-694","source":"Crossref","is-referenced-by-count":51,"title":["The impact of data revisions on the robustness of growth determinants\u2014a note on \u2018determinants of economic growth: Will data tell?\u2019"],"prefix":"10.1002","volume":"27","author":[{"given":"Martin","family":"Feldkircher","sequence":"first","affiliation":[{"name":"Oesterreichische Nationalbank  Vienna Austria"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Stefan","family":"Zeugner","sequence":"additional","affiliation":[{"name":"Universit\u00e9 libre de Bruxelles  Brussels Belgium"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2014,4,17]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1257\/mac.2.4.222"},{"key":"e_1_2_8_3_1","first-page":"1048","article-title":"How different is Africa? A comment on Masanjala and Papageorgiou (2008)","volume":"26","author":"Crespo Cuaresma J","year":"2010","journal-title":"Journal of Applied Econometrics"},{"key":"e_1_2_8_4_1","doi-asserted-by":"crossref","unstructured":"FeldkircherM ZeugnerS.2009.Benchmark priors revisited: on adaptive shrinkage and the supermodel effect in Bayesian model averaging. IMF Working Paper WP\/09\/202 International Monetary Fund Washington DC.","DOI":"10.5089\/9781451873498.001"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(00)00076-2"},{"key":"e_1_2_8_6_1","doi-asserted-by":"crossref","unstructured":"LeyE SteelMF.2011.Mixtures of g\u2010priors for Bayesian model averaging with economic applications. Policy Research Working Paper 5732 World Bank Washington DC.","DOI":"10.1596\/1813-9450-5732"},{"key":"e_1_2_8_7_1","doi-asserted-by":"publisher","DOI":"10.1198\/016214507000001337"},{"key":"e_1_2_8_8_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1020"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1257\/0002828042002570"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2265","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2265","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2265","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,30]],"date-time":"2023-10-30T17:40:05Z","timestamp":1698687605000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2265"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,6]]},"references-count":8,"journal-issue":{"issue":"4","published-print":{"date-parts":[[2012,6]]}},"alternative-id":["10.1002\/jae.2265"],"URL":"https:\/\/doi.org\/10.1002\/jae.2265","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,6]]}}}