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Bayesian Estimation Of A Simple Simultaneous Equation Model Using Gibbs Sampling

  • Mansor H. Ibrahim

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.

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File URL: http://www.iium.edu.my/enmjournal/vol6no1.pdf
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Article provided by IIUM Journal of Economis and Management in its journal IIUM Journal of Economics and Management.

Volume (Year): 6 (1998)
Issue (Month): 1 (June)
Pages: 69-78

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Handle: RePEc:ije:journl:v:6:y:1998:i:1:p:69-78
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  1. Psacharopoulos, George, 1993. "Returns to investment in education : a global update," Policy Research Working Paper Series 1067, The World Bank.
  2. Mary Corcoran & Greg J. Duncan, 1979. "Work History, Labor Force Attachment, and Earnings Differences between the Races and Sexes," Journal of Human Resources, University of Wisconsin Press, vol. 14(1), pages 3-20.
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  7. Elaine Sorensen, 1993. "Continuous Female Workers: How Different Are They from Other Women?," Eastern Economic Journal, Eastern Economic Association, vol. 19(1), pages 15-32, Winter.
  8. Bergmann, Barbara R, 1971. "The Effect on White Incomes of Discrimination in Employment," Journal of Political Economy, University of Chicago Press, vol. 79(2), pages 294-313, March-Apr.
  9. Blau, Francine D & Kahn, Lawrence M, 1992. "The Gender Earnings Gap: Learning from International Comparisons," American Economic Review, American Economic Association, vol. 82(2), pages 533-38, May.
  10. Joni Hersch, 1991. "Male-Female Differences in Hourly Wages: The Role of Human Capital, Working Conditions, and Housework," ILR Review, Cornell University, ILR School, vol. 44(4), pages 746-759, July.
  11. Becker, Gary S., 1971. "The Economics of Discrimination," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226041162, June.
  12. Polachek,Solomon W. & Siebert,W. Stanley, 1993. "The Economics of Earnings," Cambridge Books, Cambridge University Press, number 9780521367288, June.
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