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Bayesian Estimation Of A Simple Simultaneous Equation Model Using Gibbs Sampling

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  • Mansor H. Ibrahim

Abstract

This technical note illustrates the estimation of a simple simultaneous equation model using Gibbs sampling. The results of the estimation show that Gibbs sampling can be alternative approach for estimating the parameters of the model in a bayesian setting.

Suggested Citation

  • Mansor H. Ibrahim, 1998. "Bayesian Estimation Of A Simple Simultaneous Equation Model Using Gibbs Sampling," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 6(1), pages 69-78, June.
    • Handle: RePEc:ije:journl:v:6:y:1998:i:1:p:69-78
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