A Bayesian semi-parametric estimation of the binary response model using Markov Chain Monte Carlo algorithms is proposed. The performances of the parametric and semi-parametric models are presented. The mean squared errors, receiver operating characteristic curve, and the marginal effect are...

We compare small-sample properties of Bayes estimation and maximum likelihood estimation (MLE) of ARMA-GARCH models. Our Monte Carlo experiments indicate that in small sample, the Bayes estimator beats the MLE. We also develop a Bayes method of testing strict stationarity and ergodicity of the...

This paper talks about the Solow (10) generalized Koyck's method for distributed lags to a family of J-shaped or unimodel lag distributions given by the Pascal distributions. Jorgenson (5) advances it to what he calls the general Pascal distribution.

This paper talks about the wage-parity issue which arose in 1968 when the United Auto Workers demanded wage-parity between Canadian and American workers in the automobile industry. Also, if wage-parity is introduced, what and how severe will be its effects on the prices and on Canadian economic...