PL EN


2006 | 53 | 4 | 36-42
Article title

APPLICATION OF GIBBS SAMPLING TO CALCULATION OF DISTRIBUTION OF PROPENSITIES BY MEANS OF ECONOMETRIC MODEL

Authors
Title variants
Languages of publication
PL
Abstracts
EN
In the article possibilities of using econometric models to obtain propensities were discussed. Propensity to consumption of households containing pensioners and retired people in Poland in the years 1993-2004 was computed by means of the Gibbs sampling. Normal distribution was chosen as 'a priori' distribution of vector of parameter's estimates. Gamma distribution was set as 'a priori' distribution of parameter of precision. It was assumed that these 'a priori' distributions are independent. Empirical results showed that average propensity to consumption of households of pensioners and retired people in analyzed period was high (0,965)
Year
Volume
53
Issue
4
Pages
36-42
Physical description
Document type
ARTICLE
Contributors
author
  • M. Doszyn, Uniwersytet Szczecinski, Katedra Ekonometrii i Statystyki, ul. Mickiewicza 64, 71-101 Szczecin, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07PLAAAA02204651
YADDA identifier
bwmeta1.element.631e18f5-e3cb-3d6b-ae8d-d305c339e883
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