Showing 1 - 10 of 57
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups – industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then...
Persistent link: https://www.econbiz.de/10005566406
We propose a Bayesian factor analysis model to rank the health of localities. Mortality and morbidity variables …
Persistent link: https://www.econbiz.de/10010697236
applied and integrated into our Bayesian procedure to generate models that are stable and clearly interpretable. A Monte Carlo …This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical … study confirms the validity of the approach. The method is used to produce interpretable low dimensional aggregates from a …
Persistent link: https://www.econbiz.de/10010884284
-parametric Bayesian IV approach for econometric inference. Our estimation results substantiate the finding of a zero effect: we provide …
Persistent link: https://www.econbiz.de/10010959564
of stocks and shares. To be specific, we develop a Bayesian statistical framework to simultaneously explore both sides of …
Persistent link: https://www.econbiz.de/10010959752
with a multivariate normal distribution for the unobserved heterogeneity, the Bayesian MCMC estimator yields almost … assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method … apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which …
Persistent link: https://www.econbiz.de/10011279342
are represented by a multivariate probit model. The estimation is performed using Markov chain Monte Carlo methods. The …
Persistent link: https://www.econbiz.de/10005233761
We use panel data from NLSY79 to analyze the effects of the timing and spacing of births on the labor supply of married women in a framework that accounts for the endogeneity of labor market and fertility decisions, the heterogeneity of the effects of children and their correlation with the...
Persistent link: https://www.econbiz.de/10005015467
an intuitive way on the concept of Bayesian updating (where citations gradually reveal information about the initially … measures ought to be used in a REF. …
Persistent link: https://www.econbiz.de/10010670828
This paper describes a semiparametric Bayesian method for analyzing duration data. The proposed estimator specifies a …
Persistent link: https://www.econbiz.de/10005703270