Bayesian Analysis on Engel Curves Estimation With Measurement Errors and an Instrumental Variable
Bibliographic Data
| ID | 19417591 |
|---|---|
| Authors | Hikaru Hasegawa (0000-0002-3591-6102, Hokkaido University), Hideo Kozumi (Hokkaido University) |
| Year | 2001 |
| Volume | 19 |
| Issue | 3 |
| Pages | 292-298 |
| Publication date | 2001-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Business and Economic Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0735-0015 • E-ISSN: 1537-2707 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1198/073500101681019945 |
| OpenAlex | W2003462532 |
| Language | EN |
| References cited | 17 |
In this article, we consider the Bayesian estimation of Engel curves specified as the Working-Leser form with the measurement errors on both the left and the right sides. It is noteworthy that in the Bayesian approach no additional variation data (i.e., instrumental variables) are required in contrast with the non-Bayesian approach. We present the Bayesian estimation procedure in both models without an instrumental variable and with an instrumental variable. We also compare our results with the generalized method of moments estimates proposed by Lewbel
Bayesian probability · Econometrics · Economics · Estimation · Instrumental variable · Mathematical analysis · Statistics · Advanced Statistical Methods and Models · Financial Risk and Volatility Modeling · Mathematics · Statistical Methods and Inference
| Highly cited | No |
|---|