Tobin q: Forecast performance for hierarchical Bayes, shrinkage, heterogeneous and homogeneous panel data estimators

This paper reconsiders the Tobin q investment model studied by Hsiao et al. (1999) using a panel of 337 U.S. firms over the period 1982–1998. It contrasts the out-of-sample forecasts performance of hierarchical Bayes, shrinkage, as well as heterogeneous and homogeneous panel data estimators. Copyright Springer-Verlag 2004

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Year of publication:	2004
Authors:	Baltagi, Badi H. ; Bresson, Georges ; Pirotte, Alain
Published in:	Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 29.2004, 1, p. 107-113
Publisher:	Department of Economics and Finance Research and Teaching
Subject:	Panel data \| empirical Bayes \| hierarchical Bayes \| Gibbs sampling \| q investment model

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005758271