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Recent Progress in Applied Bayesian Econometrics

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Author Info
Koop, Gary

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Abstract

Bayesian methods are widely used by theoretical econometricians and statisticians but have not won widespread acceptance from applied researchers. After briefly describing the basics of the Bayesian approach, we discuss several issues relating to the empirical application of Bayesian methods. The existing Bayesian empirical literature is also partially summarized. The remainder of the paper offers a non-technical survey of some recent computational advances in Bayesian econometrics. The overall goal is to persuade economists that Bayesian methods are both computationally feasible and easy to implement in empirical research. Copyright 1994 by Blackwell Publishers Ltd

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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Economic Surveys.

Volume (Year): 8 (1994)
Issue (Month): 1 (March)
Pages: 1-34
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Handle: RePEc:bla:jecsur:v:8:y:1994:i:1:p:1-34

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804

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  1. Gary Koop, 1998. "Carbon dioxide emissions and economic growth: A structural approach," Journal of Applied Statistics, Taylor and Francis Journals, vol. 25(4), pages 489-515, August. [Downloadable!] (restricted)
  2. Francis W. Ahking, 2004. "The Power of the "Objective" Bayesian Unit-Root Test," Working papers 2004-14, University of Connecticut, Department of Economics. [Downloadable!]
  3. Efthymios G. Tsionas, 2006. "Inference in dynamic stochastic frontier models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(5), pages 669-676. [Downloadable!]
  4. Heckelei, Thomas & Mittelhammer, Ron C. & Wahl, Thomas I., 1997. "Bayesian Analysis of a Japanese Meat Demand System: A Robust Likelihood Approach," Discussion Papers 18783, University of Bonn, Institute for Food and Resource Economics. [Downloadable!]
  5. Siddhartha Chib & Edward Greenberg, 1994. "Markov Chain Monte Carlo Simulation Methods in Econometrics," Econometrics 9408001, EconWPA, revised 24 Oct 1994. [Downloadable!]
  6. Davis, George C., 2001. "Confirmation And Falsification Of Equilibrium Displacement Models," 2001 Annual meeting, August 5-8, Chicago, IL 20525, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  7. Francis W. Ahking, 2002. "Is the Bayesian Approach Necessarily Better than the Classical Approach in Unit-Root Test?," Working papers 2002-18, University of Connecticut, Department of Economics. [Downloadable!]
  8. Hanrahan, Kevin F. & Westhoff, Patrick & Young, Robert E., 2001. "Trade Allocation Modeling: Comparing The Results From Armington And Locally Regular Ai Demand System Specifications Of A Uk Beef Import Demand Allocation Model," 2001 Annual meeting, August 5-8, Chicago, IL 20510, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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This page was last updated on 2009-12-21.


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