Finite sample properties of multiple imputation estimators

Finite sample properties of multiple imputation estimators under the linear regression model are studied. The exact bias of the multiple imputation variance estimator is presented. A method of reducing the bias is presented and simulation is used to make comparisons. We also show that the suggested method can be used for a general class of linear estimators

Bias-Corrected Bootstrap Inference for Regression Models with Autocorrelated Errors

A bootstrap bias-correction method is applied to statistical inference in the regression model with autocorrelated errors. It is found that this method substantially reduces small-sample size distortions relative to alternative methods proposed in the literature.Bias-correction

The Generalized Method of Moments in the Bayesian Framework and a Model of Moment Selection Criterion

While the classical framework has a rich set of limited information procedures such as GMM and other related methods, the situation is not so in the Bayesian framework. We develop a limited information procedure in the Bayesian framework that does not require the knowledge of the likelihood function. The developed procedure is a Bayesian counterpart of the classical GMM but has advantages over the classical GMM in practical applications. The necessary limited information for our approach is a set of moment conditions, instead of the likelihood function, which has a counterpart in the classical GMM. Such moment conditions in the Bayesian framework are obtained from the equivalence condition of the Bayes' estimator and the GMM estimator. From such moment conditions, a posterior probability measure is derived that forms the basis of our limited information Bayesian procedure. This limited information posterior has some desirable properties for small and large sample analyses. An alternative approach is also provided in this paper for deriving a limited information posterior based on a variant of the empirical likelihood method where an empirical likelihood is obtained from the moment conditions of GMM. This alternative approach yields asymptotically the same result as the approach explained above. Based on our limited information method, we develop a procedure for selecting the moment for GMM. This moment selection procedure is an extension of the Bayesian model selection procedure to the Bayesian semi-parametric, limited information framework. It is shown that under some conditions the proposed moment selection procedure is a consistent decision rule.

Adjustment Capacity of Korean Farm Household

Structural adjustment is defined as the farm household’s behavior of changing its existing farm asset distribution toward more specialized or diversified directions. Farm households are classified into agricultural or non-agricultural based ones. Estimated expected income through switching regression model reveals that higher revenue is expected when adjustment paths toward more specialization and more non-agricultural based activities are chosen.trade policy reform, structural adjustment, expected income, switching regression model, farm household, Agricultural and Food Policy, Consumer/Household Economics, Research Methods/ Statistical Methods, Q100, Q180,