Publisher Summary The class of stochastic volatility (SV) models has its roots in both,
mathematical finance and financial econometrics. In fact, several variations of SV models …

This book describes the new generation of discrete choice methods, focusing on the many
advances that are made possible by simulation. Researchers use these statistical methods …

Panel data econometrics continues to be a hot topic in econometrics and has experienced a
lot of growth over the last two decades. Micro-and Macro-panels are increasing in …

In this paper we present inference methods which are based on an 'incorrect'criterion, in the
sense that the optimization of this criterion does not directly provide a consistent estimator of …

The “count data”? eld has further? ourished since the previous edition of this book was
published in 2003. The development of new methods has not slowed down by any means …

Stochastic frontier models are typically estimated by maximum likelihood (MLE) or corrected
ordinary least squares. The consistency of either estimator depends on exogeneity of the …

This paper develops two new methods for conducting formal statistical inference in
nonlinear dynamic economic models. The two methods require very little analytical …

A static neoclassical structural model is presented, explaining labor supply of both spouses
in two adults households. Family preferences are described with a direct translog utility …

Based on a survey of 404 households in 45 villages carried out in 1995. Examines the
determinants of access to and participation in formal and informal credit and savings …

Property rights reform is typically hypothesized to boost investment through investment
demand and credit supply effects. Yet when the credit supply effect is muted, property rights …