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We develop a new Bayesian estimator that is able to deal with multivariate panel data structure in the presence of … spatial correlation. The analysis of panel data introduced here allows us to analyze not only the fixed effect but also the …
Persistent link: https://www.econbiz.de/10012059270
This paper describes the inference procedures required to perform Bayesian inference to some multivariate econometric models. These models have a spatial component built into commonly used multivariate models. In particular, the seemingly unrelated regression and vector autoregressive models are...
Persistent link: https://www.econbiz.de/10012019328
Nonresponse in surveys may result in a distortion of the distribution of interest. In a panel survey the participation … restates a result for Finland for the ECHP (European Community Household Panel). A second condition concerns the selectivity of … panel attrition after wave one. Here panel attrition must not depend on the income state of the previous panel wave. The …
Persistent link: https://www.econbiz.de/10011312698
demography is used to show that an initial bias can "fade-away" in later panel waves, if the transition laws in the observed … sample and the population are identical. Panel attrition is incorporated into the Markovian framework. Extensions to Markov … empirical data from a German Labour Market Panel to demonstrate the extend and speed of the fade-away effect. The implications …
Persistent link: https://www.econbiz.de/10012821615
for respondents and nonrespondents, and attrition in later panel waves must not depend on the state of the individuals …. The theory is applied to a German survey on social benefit recipience. Minor deviations from assumptions are shown to have …
Persistent link: https://www.econbiz.de/10011714202
Persistent link: https://www.econbiz.de/10000598125
Persistent link: https://www.econbiz.de/10003528450
Space-varying regression models are generalizations of standard linear models where the regression coefficients are allowed to change in space. The spatial structure is specified by a multivariate extension of pairwise difference priors thus enabling incorporation of neighboring structures and...
Persistent link: https://www.econbiz.de/10012007896
Poverty trap models are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal growth and macroeconomic models. These systems are often studied empirically by ad hoc methods relying on intuition from deterministic systems, such as looking for multiple peaks in...
Persistent link: https://www.econbiz.de/10012179189
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