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

• Authors: Doszyn M.
• 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)

Keywords

EN

DISTRIBUTION OF PROPENSITIES; ECONOMETRIC MODELS; GIBBS SAMPLING

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Główny Urząd Statystyczny
• Journal: Przegląd Statystyczny
• Year: 2006
• Volume: 53
• Issue: 4
• Pages: 36-42
• Document type: ARTICLE

Contributors

author

Doszyn M.

• M. Doszyn, Uniwersytet Szczecinski, Katedra Ekonometrii i Statystyki, ul. Mickiewicza 64, 71-101 Szczecin, Poland

Identifiers

CEJSH db identifier

07PLAAAA02204651