On international uncertainty links: BART-based empirical evidence for Canada

Rangan Gupta, Christian Pierdzioch and Marian Risse

Economics Letters, 2016, vol. 143, issue C, 24-27

Abstract: We use the indexes of economic policy uncertainty (EPU) developed by Baker et al. (2015) for Canada and seven (China, France, Germany, Japan, Russia, United Kingdom, and United States) other countries to study international uncertainty links by means of a Bayesian Additive Regression Trees (BART) algorithm. Using partial-dependence plots, relative-importance measures, and permutation tests, we shed light on how EPU in Canada is linked to EPU in seven other countries.

Keywords: Economic policy uncertainty; BART algorithm; Canada (search for similar items in EconPapers)
JEL-codes: C11 C22 D80 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (25)

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Working Paper: On International Uncertainty Links: BART-Based Empirical Evidence for Canada (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:143:y:2016:i:c:p:24-27

DOI: 10.1016/j.econlet.2016.03.009

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