Konferenzbeitrag
How to prioritise policies for poverty reduction: Applying Bayesian Model Averaging to Vietnam
The UN Millennium Development Goals have recognized poverty reduction as the main goal of global development policy. A comprehensive framework to evaluate the effectiveness of single policy measures and policy packages with respect to poverty reduction is still lacking, though. Policy evaluation is exposed to manifold uncertainties given the dependency of the preferred outcomes on a chosen policy, available information, and policy makers' preferences. We show that Bayesian Model Averaging (BMA) is most valuable in this context as it addresses the parameter and model uncertainty inherent in development policies. Using data for the 61 Vietnamese provinces we are able to ascertain the most important determinants of poverty from a large number of potential explanatory variables.
- Language
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Englisch
- Bibliographic citation
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Series: Proceedings of the German Development Economics Conference, Kiel 2005 ; No. 27
- Classification
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Wirtschaft
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
Bayesian Analysis: General
Model Evaluation, Validation, and Selection
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Economywide Country Studies: Asia including Middle East
- Subject
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Poverty determinants
Vietnam
model uncertainty
Bayesian Model Averaging (BMA)
- Event
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Geistige Schöpfung
- (who)
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Klump, Rainer
Prüfer, Patricia
- Event
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Veröffentlichung
- (who)
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Verein für Socialpolitik, Ausschuss für Entwicklungsländer
- (where)
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Hannover
- (when)
-
2005
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Klump, Rainer
- Prüfer, Patricia
- Verein für Socialpolitik, Ausschuss für Entwicklungsländer
Time of origin
- 2005
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