Simulation-based econometric methods. Alain Monfort, Christian GouriГ©roux

Simulation-based econometric methods



Download Simulation-based econometric methods



Simulation-based econometric methods Alain Monfort, Christian GouriГ©roux ebook djvu
Publisher: OUP
Language: English
Page: 185
ISBN: 0198774753, 9780198774754

This book introduces a new generation of statistical econometrics. After linear models leading to analytical expressions for estimators, and non-linear models using numerical optimization algorithms, the availability of high- speed computing has enabled econometricians to consider econometric models without simple analytical expressions. The previous difficulties presented by the presence of integrals of large dimensions in the probability density functions or in the moments can be circumvented by a simulation-based approach.



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