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Assessing agglomeration economies in the Yangzi River Delta, China : a bayesian spatial econometric approach
Hashiguchi, Yoshihiro; Chen, Kuang-hui - Institute of Developing Economies, Japan External Trade … - 2012
This paper estimates the elasticity of labor productivity with respect to employment density, a widely used measure of the agglomeration effect, in the Yangtze River Delta, China. A spatial Durbin model is presented that makes explicit the influences of spatial dependence and endogeneity bias in...
Persistent link: https://www.econbiz.de/10010941676
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Bayesian Approach and Identification
Kociecki, Andrzej - Volkswirtschaftliche Fakultät, … - 2013
The paper aims at systematic placement of identification concept within Bayesian approach. Pointing to some … deficiencies of the standard Bayesian language to describe identification problem we propose several useful characterizations that … them. Moreover we introduce the concepts of uniform, marginal and faithful identification. We argue that all these concepts …
Persistent link: https://www.econbiz.de/10011112950
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Agglomeration effects of informal sector: evidence from Cambodia
Tanaka, Kiyoyasu; Hashiguchi, Yoshihiro - Institute of Developing Economies, Japan External Trade … - 2015
The presence of a large informal sector in developing economies poses the question of whether informal activity produces agglomeration externalities. This paper uses data on all the nonfarm establishments and enterprises in Cambodia to estimate the impact of informal agglomeration on the...
Persistent link: https://www.econbiz.de/10011184292
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Cash flows discounted using a model-free SDF extracted under a yield curve prior
Gallant, A. Ronald; Tauchen, George Eugene - In: Journal of Risk and Financial Management 14 (2021) 3, pp. 1-15
We developed a model-free Bayesian extraction procedure for the stochastic discount factor under a yield curve prior. Previous methods in the literature directly or indirectly use some particular parametric asset-pricing models such as with long-run risks or habits as the prior. Here, in...
Persistent link: https://www.econbiz.de/10012611657
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Cash flows discounted using a model-free SDF extracted under a yield curve prior
Gallant, A. Ronald; Tauchen, George Eugene - In: Journal of risk and financial management : JRFM 14 (2021) 3/100, pp. 1-15
We developed a model-free Bayesian extraction procedure for the stochastic discount factor under a yield curve prior. Previous methods in the literature directly or indirectly use some particular parametric asset-pricing models such as with long-run risks or habits as the prior. Here, in...
Persistent link: https://www.econbiz.de/10012484936
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Bayesian and Classical Approaches to Instrumental Variables Regression
Kleibergen, Frank; Zivot, Eric - EconWPA - 1998
We estabilsh the relationships between certain Bayesian and classical approaches to instrumental variables regression. We determine the form of priors that lead to posteriors for structural paameters that have similar properties as classical 2SLS and LIML and in doing so provide some new insight...
Persistent link: https://www.econbiz.de/10005062530
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An Empirical Model of Learning under Ambiguity: The Case of Clinical Trials
Fernandez, Jose - Volkswirtschaftliche Fakultät, … - 2008
In this paper, I present an empirical model of learning under ambiguity in the context of clinical trials. Patients are concern with learning the treatment effect of the experimental drug, but face the ambiguity of random group assignment. A two dimensional Bayesian model of learning is proposed...
Persistent link: https://www.econbiz.de/10005835432
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Bayesian inference with monotone instrumental variables
Qian, Hang - Volkswirtschaftliche Fakultät, … - 2011
monotone treatment response assumption yield good identification power. …
Persistent link: https://www.econbiz.de/10009203626
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Do Food Stamps Cause Obesity? A Generalised Bayesian Instrumental Variable Approach in the Presence of Heteroscedasticity
Salois, Matthew; Balcombe, Kelvin - Volkswirtschaftliche Fakultät, … - 2011
The impact of covariates on obesity in the US is investigated, with particular attention given to the role of the Supplemental Nutrition Assistance Program. The potential endogeneity of participation in SNAP is considered as a potential problem in investigating its causal influence on obesity...
Persistent link: https://www.econbiz.de/10008836421
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A comparison of Bayesian and frequentist variable selection methods for estimating average treatment effects in logistic regression
Martinez, Alex H.; Christensen, Brian; Sutton, Elizabeth F. - 2025
In many manuscripts, researchers use multivariable logistic regression to adjust for potential confounding variables when estimating a direct relationship of a treatment or exposure on a binary outcome. After choosing how variables are entered into that model, researchers can calculate an...
Persistent link: https://www.econbiz.de/10015209977