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On Identification of Bayesian DSGE Models

Koop, Gary - 2011

In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a...

Persistent link: https://www.econbiz.de/10013126923

Job Durations with Worker and Firm Specific Effects : MCMC Estimation with Longitudinal Employer-Employee Data

Horny, Guillaume - 2009

We study job durations using a multivariate hazard model allowing for worker-specific and firm-specific unobserved determinants. The latter are captured by unobserved heterogeneity terms or random effects, one at the firm level and another at the worker level. This enables us to decompose the...

Persistent link: https://www.econbiz.de/10012764687

Competition Reform and Household Welfare : A Microsimulation Analysis of the Telecommunication Sector in Ethiopia

Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021

This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current and new consumers. Using household budget survey data for 2015/16 for Ethiopia and assuming a reform scenario that dilutes the market share of the state-owned monopoly to 45...

Persistent link: https://www.econbiz.de/10013250766

Distributional Effects of Competition : A Simulation Approach

Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021

power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the …

Persistent link: https://www.econbiz.de/10013250767

A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables

Keane, Michael P. - 2009

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

Persistent link: https://www.econbiz.de/10012764470

Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies

Advani, Arun - 2018

Currently there is little practical advice on which treatment effect estimator to use when trying to adjust for observable differences. A recent suggestion is to compare the performance of estimators in simulations that somehow mimic the empirical context. Two ways to run such 'empirical Monte...

Persistent link: https://www.econbiz.de/10012938144

Determinants and Policy Simulation of Firms Cooperation in Innovation

Heshmati, Almas - 2013

This research introduces an agent-based simulation model representing the dynamic processes of cooperative R&D in the … translated into simulation parameters which are calibrated to the point that the simulated artificial world are equivalent to the … one observed in the real world. The aim of the simulation game is to investigate the differences in sector responses to …

Persistent link: https://www.econbiz.de/10013079152

Calculation of Multivariate Normal Probabilities By Simulation, With Applications to Maximum Simulated Likelihood Estimation

Cappellari, Lorenzo; Jenkins, Stephen - 2021

We discuss methods for calculating multivariate normal probabilities by simulation and two new Stata programs for this …

Persistent link: https://www.econbiz.de/10013317606

Empirical Monte Carlo Evidence on Estimation of Timing-of-Events Models

Lombardi, Stefano; Berg, Gerard J. van den; Vikström, Johan - 2021

This paper builds on the Empirical Monte Carlo simulation approach developed by Huber et al. (2013) to study the …

Persistent link: https://www.econbiz.de/10013251542

Modeling Employment Dynamics with State Dependence and Unobserved Heterogeneity

Prowse, Victoria L. - 2010

This paper extends existing work on labor force participation dynamics by distinguishing between full-time and part-time employment and allowing unobserved heterogeneity in the effects of previous employment outcomes, children and education on employment dynamics. The results reveal significant...

Persistent link: https://www.econbiz.de/10013144392