Showing 1 - 10 of 96
The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment … conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or …, farmers are able to find resources to increase expenditure on their farms. Demand for insurance in subsequent years is …
Persistent link: https://www.econbiz.de/10011083318
random subset of farmers who (endogenously) did not borrow. These farmers have lower – in fact zero – marginal returns to the … grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal …
Persistent link: https://www.econbiz.de/10011083397
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...
Persistent link: https://www.econbiz.de/10011083573
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...
Persistent link: https://www.econbiz.de/10011084701
This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...
Persistent link: https://www.econbiz.de/10005661438
In an experiment providing fertilizer grants to women rice farmers in Mali, we found that women who received fertilizer …. This highlights that farmers respond to an increase in availability of one input by re-optimizing other inputs, making it … small compared to other sources of variation. This may make it difficult for farmers to observe the impact of fertilizer on …
Persistent link: https://www.econbiz.de/10011083496
While the regulation of tenancy arrangements is widespread in the developing world, evidence on how such regulation influences the long-run allocation of land and labor remains limited. To provide such evidence, this paper exploits quasi-random assignment of linguistically similar areas to...
Persistent link: https://www.econbiz.de/10011084658
We provide methods for forecasting variables and predicting turning points in panel Bayesian VARs. We specify a flexible model that accounts for both interdependencies in the cross section and time variations in the parameters. Posterior distributions for the parameters are obtained for...
Persistent link: https://www.econbiz.de/10005504253
This paper shows how particle filtering allows us to undertake likelihood-based inference in dynamic macroeconomic models. The models can be nonlinear and/or non-normal. We describe how to use the output from the particle filter to estimate the structural parameters of the model, those...
Persistent link: https://www.econbiz.de/10005504323
We consider mean-variance portfolio choice of a robust investor. The investor receives advice from J experts, each with a different prior for the distribution of returns. Confronted with these multiple priors the investor follows a min-max portfolio strategy. We study the structure of the robust...
Persistent link: https://www.econbiz.de/10005497881