Revisiting the Determinants of Consumption: A Bayesian Model Averaging Approach
نویسندگان
چکیده
This study revisits the widely researched area of consumption function using Bayesian Model Averaging (BMA) for a panel EU countries to deal with uncertainty potential determinants, convergence club analysis construct homogeneous groups by income. BMA suggests that income is only variable found be strong determinant across different country groups, whereas other variables have varying importance groups.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2023
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm16030190