This paper presents Bayesian methodology for the estimation of a bivariate probit model with an endogenous effect and both parametric linear and flexible semiparametric exogenous effects. The model is prompted by an analysis of the utilisation of health services in Australia using data from the...

This paper models the dynamics of the adjustment process of Indonesian purchasing power parity (PPP) relative to US, Japan and Singapore by employing a nonlinear framework, which is recently shown to be appropriate in the presence of transaction costs associated with international trade. Using...