Welfare gains of the poor: An endogenous Bayesian approach with spatial random effects

We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We find through a limited Monte Carlo experiment that our proposal works well in terms of point estimates and prediction. Then, we apply...

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Autores:
Ramírez Hassan, Andrés
Montoya Blandón, Santiago
Tipo de recurso:
Fecha de publicación:
2015
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7348
Acceso en línea:
http://hdl.handle.net/10784/7348
Palabra clave:
Bayesian Estimation
Endogeneity
Instruments
Simultaneous Equations
Spatial Random Effects
Welfare Analysis
Estimación Bayesiana
Endogeneidad
Instrumentos
Ecuaciones Simultáneas
Efectos Aleatorios Espaciales
Análisis de Bienestar
Rights
License
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