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Title: Bayesian Analysis of Structural Effects in an Ordered Equation System
Resulting in 1 citation.
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Li, Mingliang Tobias, Justin L. |
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Bayesian Analysis of Structural Effects in an Ordered Equation System Studies in Nonlinear Dynamics and Econometrics 10,4 (December 2006): 1363-1363. Also: http://www.bepress.com/snde/vol10/iss4/art7 Cohort(s): NLSY79 Publisher: Berkeley Electronic Press (bpress) Keyword(s): Alcohol Use; Bayesian; Child Health; Endogeneity; Modeling, Probit; Mothers; Pregnancy and Pregnancy Outcomes Permission to reprint the abstract has not been received from the publisher. We describe a new simulation-based algorithm for Bayesian estimation of structural effects in models where the outcome of interest and an endogenous treatment variable are ordered. Our algorithm makes use of a reparameterization, suggested by Nandram and Chen (1996) in the context of a single equation ordered-probit model, which significantly improves the mixing of the standard Gibbs sampler. We illustrate the improvements afforded by this new algorithm (relative to the standard Gibbs sampler) in a generated data experiment and also make use of our methods in an empirical application. Specifically, we take data from the National Longitudinal Survey of Youth (NLSY) and investigate the impact of maternal alcohol consumption on early infant health. Our results show clear evidence that the health outcomes of infants whose mothers drink while pregnant are worse than the outcomes of infants whose mothers never consumed alcohol while pregnant. In addition, the estimated parameters clearly suggest the need to control for the endogeneity of maternal alcohol consumption. [ABSTRACT FROM AUTHOR] Copyright of Studies in Nonlinear Dynamics & Econometrics is the property of Berkeley Electronic Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts) |
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Bibliography Citation
Li, Mingliang and Justin L. Tobias. "Bayesian Analysis of Structural Effects in an Ordered Equation System." Studies in Nonlinear Dynamics and Econometrics 10,4 (December 2006): 1363-1363.
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