Showing 1 - 10 of 57
Persistent link: https://www.econbiz.de/10010847059
The results of this study for the 50 states imply that considerations of distance play an important role in the migration decision of blacks, with the distance variable being statistically significant at the five percent level or better in 80 percent of the cases. The racial composition variable...
Persistent link: https://www.econbiz.de/10011259706
Persistent link: https://www.econbiz.de/10005238996
Persistent link: https://www.econbiz.de/10005239021
Persistent link: https://www.econbiz.de/10005332256
Bayesian analysis is given of a random effects binary probit model that allows for heteroscedasticity. Real and simulated examples illustrate the approach and show that ignoring heteroscedasticity when it exists may lead to biased estimates and poor prediction. The computation is carried out by...
Persistent link: https://www.econbiz.de/10005023717
When all countries tax domestic emissions of a pure global pollutant at a rate equal to global marginal damage, some of these countries - typically, developing countries - are likely to be worse off. To win the cooperation of such developing countries, it is often advocated that they receive...
Persistent link: https://www.econbiz.de/10009223936
We develop a Bayesian approach for parsimoniously estimating the correlation structure of the errors in a multivariate stochastic volatility model. Since the number of parameters in the joint correlation matrix of the return and volatility errors is potentially very large, we impose a prior that...
Persistent link: https://www.econbiz.de/10009228516
We consider efficient methods for likelihood inference applied to structural models. In particular, we introduce a particle filter method which concentrates upon disturbances in the Markov state of the approximating solution to the structural model. A particular feature of such models is that...
Persistent link: https://www.econbiz.de/10010753480
Persistent link: https://www.econbiz.de/10010864009