6533b827fe1ef96bd1286ebc
RESEARCH PRODUCT
Bayesian two-stage regression with parametric heteroscedasticity
Jani LuotoArto Luomasubject
EstimationHeteroscedasticityTwo stage regressionStatisticsBayesian probabilityEconometricsProduction (economics)Function (mathematics)Parametric statisticsMathematicsdescription
In this paper, we expand Kleibergen and Zivot's (2003) Bayesian two-stage (B2S) model by allowing for unequal variances. Our choice for modeling heteroscedasticity is a fully Bayesian parametric approach. As an application, we present a cross-country Cobb–Douglas production function estimation.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2008-01-01 |