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Author:Gawande, K.
Title:Comparing theories of endogenous protection: Bayesian comparison of tobit models using Gibbs sampling output
Journal:Review of Economics and Statistics
1998 : FEB, VOL. 80:1, p. 128-140
Index terms:ECONOMETRIC MODELS
ECONOMIC THEORY
STATISTICAL METHODS
Language:eng
Abstract:This study performs an economic model comparison to assess the validity of five political-economic theories of protection. A Bayesian model comparison is the relevant methodology in this context. The study also performs a Bayesian comparisons of tobit models using computational methodology, namely, the Gibbs sampler with data augmentation. The estimations in the study are an application to the tobit model of the theoretical methods developed in Tanner and Wong .
SCIMA record nr: 172638
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