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This paper discusses likelihood-based estimation of linear panel data models with general predetermined variables and … likelihood function allows applying the Bayesian apparatus to this class of panel data models. Combining the aforementioned …
Persistent link: https://www.econbiz.de/10013125050
Persistent link: https://www.econbiz.de/10012244175
-sectional analyses. This paper takes a step toward estimating of causal effects of milk consumption on cancer by applying panel …-country variation in a panel of up to 50 countries for 1990 to 2008. Possible methodological problems arising from omitted variables … (confounding factors), heterogeneity, and outliers are carefully discussed and a wide range of recent panel econometric estimators …
Persistent link: https://www.econbiz.de/10010358877
cross-sectional dependence in the error processes. Estimation and inference for this class of panel models are based on both … pandemic's impact on the economic activity of six Euro area economies. A class of dynamic panel data models and their …
Persistent link: https://www.econbiz.de/10014636404
classical and Bayesian methods in estimating a pooled panel kink regression model under the condition of a known but bounded … employed both threshold and Bayesian pooled panel kink regressions, with mixed results. The Bai-Perron test confirmed that the …
Persistent link: https://www.econbiz.de/10014449915
We consider the measures of jointness proposed by Doppelhofer and Weeks (2009) and Strachan (2009) in the context of variable selection. Using the general criteria suggested in Ley and Steel (2007), we identify some shortcomings of these measures, which are illustrated with empirically relevant...
Persistent link: https://www.econbiz.de/10012561735
Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the uncertainty in selecting explanatory variables and the uncertainty in specifying the functional form of the regression function. Most discussions in the literature address these...
Persistent link: https://www.econbiz.de/10013131342
This paper introduces a new measure of dependence or jointness among explanatory variables. Jointness is based on the joint posterior distribution of variables over the model space, thereby taking model uncertainty into account. By looking beyond marginal measures of variable importance,...
Persistent link: https://www.econbiz.de/10013317072
Persistent link: https://www.econbiz.de/10003497528