On International Uncertainty Links: BART-Based Empirical Evidence for Canada

Rangan Gupta, Christian Pierdzioch and Marian Risse

No 201594, Working Papers from University of Pretoria, Department of Economics

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)
Pages: 12pages
Date: 2015-12
New Economics Papers: this item is included in nep-cis and nep-ore
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Citations: View citations in EconPapers (5)

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Journal Article: On international uncertainty links: BART-based empirical evidence for Canada (2016)
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