Ron P Smith
Biographic Data
| ID | 3820967 |
|---|---|
| NAME | Ron P Smith |
| GIVEN NAMES | Ron P |
| FAMILY NAME | Smith |
| SIGNATURE | SMITH R P |
| AFFILIATIONS | Birkbeck, University of London |
| VERIFIED | No |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 17 |
| WORKS AS AUTHOR | 6 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2014 |
| H-INDEX | 3 |
The economic costs of military conflict
There is a large literature on the economic costs of military conflict, which uses a variety of methods including accounting procedures, statistical models and event studies of how stock markets respond to news of conflict. This literature is not only subject to all the criticisms directed against cost-benefit analysis but also introduces an element of arbitrariness by not considering benefits. This article uses four questions to structure a disc…
On Identification of Bayesian DSGE Models
This article is concerned with local identification of individual parameters of dynamic stochastic general equilibrium (DSGE) models estimated by Bayesian methods. Identification is often judged by a comparison of the posterior distribution of a parameter with its prior. However, these can differ even when the parameter is not identified. Instead, we propose two Bayesian indicators of identification. The first follows a suggestion by Poirier of c…
Entries
The Demand for Arms Imports
This article presents estimates of demand functions for arms imports for a panel of 52 countries, 1981-99, where there are non-zero observations for both the main measures, WMEAT and SIPRI. In principle, the WMEAT series is a value measure, while the SIPRI series is a volume measure, thus the ratio is a proxy for price. A baseline static log-linear model that makes arms imports a function of this proxy for price, military expenditure and per capi…
Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
It is now quite common to have panels in which both T, the number of time series observations, and N, the number of groups, are quite large and of the same order of magnitude. The usual practice is either to estimate N separate regressions and calculate the coefficient means, which we call the mean group (MG) estimator, or to pool the data and assume that the slope coefficients and error variances are identical. In this article we propose an inte…
Quantitative Methods in Peace Research
Quantitative methods are an important component of peace research, since many of the issues addressed are inherently quantitative - the frequency and intensity of conflict, or the determination of military expenditures, for instance. This article argues that quantitative peace research could be improved if authors put more emphasis on the substantive issues and less on the mechanical application of rule-based, statistical techniques. After some m…
The Demand for Arms Imports
This article presents estimates of demand functions for arms imports for a panel of 52 countries, 1981-99, where there are non-zero observations for both the main measures, WMEAT and SIPRI. In principle, the WMEAT series is a value measure, while the SIPRI series is a volume measure, thus the ratio is a proxy for price. A baseline static log-linear model that makes arms imports a function of this proxy for price, military expenditure and per capi…
The economic costs of military conflict
There is a large literature on the economic costs of military conflict, which uses a variety of methods including accounting procedures, statistical models and event studies of how stock markets respond to news of conflict. This literature is not only subject to all the criticisms directed against cost-benefit analysis but also introduces an element of arbitrariness by not considering benefits. This article uses four questions to structure a disc…
Quantitative Methods in Peace Research
Quantitative methods are an important component of peace research, since many of the issues addressed are inherently quantitative - the frequency and intensity of conflict, or the determination of military expenditures, for instance. This article argues that quantitative peace research could be improved if authors put more emphasis on the substantive issues and less on the mechanical application of rule-based, statistical techniques. After some m…
Quantitative Methods in Peace Research
Quantitative methods are an important component of peace research, since many of the issues addressed are inherently quantitative - the frequency and intensity of conflict, or the determination of military expenditures, for instance. This article argues that quantitative peace research could be improved if authors put more emphasis on the substantive issues and less on the mechanical application of rule-based, statistical techniques. After some m…
Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
It is now quite common to have panels in which both T, the number of time series observations, and N, the number of groups, are quite large and of the same order of magnitude. The usual practice is either to estimate N separate regressions and calculate the coefficient means, which we call the mean group (MG) estimator, or to pool the data and assume that the slope coefficients and error variances are identical. In this article we propose an inte…
The Demand for Arms Imports
This article presents estimates of demand functions for arms imports for a panel of 52 countries, 1981-99, where there are non-zero observations for both the main measures, WMEAT and SIPRI. In principle, the WMEAT series is a value measure, while the SIPRI series is a volume measure, thus the ratio is a proxy for price. A baseline static log-linear model that makes arms imports a function of this proxy for price, military expenditure and per capi…
Entries
On Identification of Bayesian DSGE Models
This article is concerned with local identification of individual parameters of dynamic stochastic general equilibrium (DSGE) models estimated by Bayesian methods. Identification is often judged by a comparison of the posterior distribution of a parameter with its prior. However, these can differ even when the parameter is not identified. Instead, we propose two Bayesian indicators of identification. The first follows a suggestion by Poirier of c…
The economic costs of military conflict
There is a large literature on the economic costs of military conflict, which uses a variety of methods including accounting procedures, statistical models and event studies of how stock markets respond to news of conflict. This literature is not only subject to all the criticisms directed against cost-benefit analysis but also introduces an element of arbitrariness by not considering benefits. This article uses four questions to structure a disc…
Computer Science (4 works) · Economics (4 works) · Econometrics (3 works) · Mathematics (3 works) · Statistics (3 works) · Defense, Military, and Policy Studies (2 works) · Engineering (2 works) · Estimator (2 works) · Management science (2 works) · Monetary Policy and Economic Impact (2 works)