Abstract
This study revisits the widely researched area of the consumption function using Bayesian Model Averaging (BMA) for a panel of EU countries to deal with the uncertainty of potential determinants, using the convergence club analysis to construct homogeneous groups by income. BMA suggests that income is the only variable that is found to be a strong determinant across different country groups, whereas other variables have varying importance for different country groups.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
