Showing 1 - 10 of 347
to combine bootstrap and Bayesian inferences. Our goal is to yield intervals that combine robustness with good small … (Rosenheck et al, 1997).In part III, we consider the combination of bootstrap and Bayes inferences. In the case of independent … identically distributed samples, the simple bootstrap yields confidence limits that are asymptotically correct to the first order …
Persistent link: https://www.econbiz.de/10009476653
Bayesian literature, with many variations and some preference for two versions labelled pppost and pcpred. The bootstrap method … develop: an ancillary based p-value designated panc; a special version of the Bayesian pcpred; and a bootstrap based p …. For implementation the Bayesian and likelihood procedures would perhaps require the same numerical computations, while the …
Persistent link: https://www.econbiz.de/10009002740
We introduce a regression-based gravity model for commodity flows between 35 regions in Austria. We incorporate information regarding the highway network into the spatial connectivity structure of the spatial autoregressive econometric model. We find that our approach produces improved model fit...
Persistent link: https://www.econbiz.de/10010293755
Making decisions under uncertainty is at the core of human decision-making, particularly economic decision-making. In economics, a distinction is often made between quantifiable uncertainty (risk) and un-quantifiable uncertainty (Knight, Uncertainty and Profit, 1921). However, this distinction...
Persistent link: https://www.econbiz.de/10011291850
The economic catch-up of the East Asian region went hand-in-hand with the emergence and even dominance of large quasi-state or private conglomerates. Such for example were the Zaibatsus in the pre-WWII and the Keiretsus of the post-WWII Japan and the Chaebols of South Korea which enjoyed...
Persistent link: https://www.econbiz.de/10011335574
fitting time series data using a Bayesian dynamical systems approach we identify non-linear interactions between GDP, child …
Persistent link: https://www.econbiz.de/10011396729
Global emissions beyond 44 gigatonnes of carbondioxide equivalent (GtCO2e) in 2020 can potentially lead the world to an irreversible climate change. Employing a novel dynamical system modeling approach, we predict that in a business-asusual scenario, it will reach 61 GtCO2e by 2020. Testing...
Persistent link: https://www.econbiz.de/10011396730
This paper presents a Structural Vector Autoregressive (SVAR) model with particular attention to the Hungarian labour market. The identification of structural shocks is based on sign restrictions. We identify four structural shocks: a labour supply, an aggregate supply, an aggregate demand and a...
Persistent link: https://www.econbiz.de/10010322443
We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is decomposed into an aggregate and into an...
Persistent link: https://www.econbiz.de/10010325226
This note presents the R package bayesGARCH (Ardia, 2007) which provides functions for the Bayesian estimation of the …
Persistent link: https://www.econbiz.de/10010325986