Bijwaard, G.E.; Franses, Ph.H.B.F. - Erasmus University Rotterdam, Econometric Institute - 2006
denomination; Multivariate Poisson–log Normal;
maximum simulated likelihood;
JEL code: E51, C35, C15.
1
1 Introduction
January 1 … simulation
based method. Munkin and Trivedi (1999) discuss the estimation by maximum simulated
likelihood for a bivariate Poisson …-log normal model. We implement a maximum simulated
likelihood (MSL) estimator along similar lines.
The density in (6) can be …