This paper presents a Bayesian analysis to estimate parameters and latent variables in an ordered censored sample selection model. After reparameterization which greatly improves convergence rate and uses specially designed priors, efficient Gibbs sampler is set up with conjugate conditional posteriors. Then a numerical study is conducted to evaluate the convergence rate of MCMC estimates, and ...

INTRODUCTION Tobacco use is common and remains one of the leading causes of preventable death in developed countries. Smoking commonly begins in adolescence, and hence, it is important to understand how smoking behavior develops during this period. METHODS In a U.K.-based birth cohort, we analyzed repeated measures of smoking frequency in a sample of 7,322 young adolescents. Latent class anal...

Despite the fact that it provides a potentially useful analytical tool, allowing for the joint modeling of dynamic interdependencies within a group of connected areas, until lately the VAR approach had received little attention in regional science and spatial economic analysis. While previous attempts at integrating vector autoregressions in a spatial econometric environment can be traced back,...

This paper studies the relationship between R&D, innovation and productivity in Dutch and French manufacturing using an unbalanced panel of enterprise data from three waves of the Community Innovation Survey pertaining to the period 1994-2004. We estimate by FIML a simultaneous-equation model of R&D, innovation and productivity accounting for individual effects and correcting for sample selecti...

Procedures for computing the full information maximum likelihood (FIML) estimates of the parameters of a system of simultaneous regression equations have been described by Koopmans, Rubin, and Leipnik [5], Chernoff and Divinsky [2], Brown [1], and Eisenpress [4]. However, all of these methods are rather complicated since they are based on estimating equations that are expressed in an inconvenie...

This paper takes a somewhat different approach from the recent literature in estimating exchange rate equations. It assumes uncovered interest rate parity and models how expectations are formed. Agents are assumed to base their expectations of future interest rates and prices, which are needed in the determination of the exchange rate, on predictions from a ten equation VAR model. The overall m...

We estimate a structural model of individual smoking behaviour emphasizing the role of individual risk belief on smoking choices. Our model consists of five equations: two selection equations for initiation and cessation decisions, and three switching outcome regressions for nonsmokers, ex-smokers, and current smokers. The presence of significant self-selectivity implies that the health effects...