研究者情報 | 神奈川大学

カナザワ　ユウイチロウ Kanazawa Yuichiro 金澤　雄一郎所属神奈川大学経済学部経済学科/現代ビジネス学科職種教授
言語種別	英語
発行・発表の年月	2014/12
形態種別	学術雑誌
査読	査読あり
標題	Estimating the Markov-switching almost ideal demand systems: a Bayesian approach
執筆形態	共著
掲載誌名	EMPIRICAL ECONOMICS
掲載区分	国外
出版社・発行元	PHYSICA-VERLAG GMBH&CO
巻・号・頁	47(4),pp.1193-1220
担当区分	責任著者
著者・共著者	◎Satoshi KABE, Yuichiro KANAZAWA
概要	Allias and NichSle (Eur Rev Agric Econ, 34(4):517-538, 2007) proposed a Markov-switching almost ideal demand system (MS-AIDS) model by extending the idea of Hamilton (Econometrica, 57(2):357-384, 1989). In this paper, we propose a Bayesian estimation for MS-AIDS model and illustrate applicability of our proposed method. We then run two sets of simulation studies to confirm the validity of the proposed method. In the empirical study on the Japanese meat market, our Bayesian estimation improves the MSEs for all meat products over the ML estimation, while successfully capturing the regime shifts of meat demand coinciding with the timing of bovine spongiform encephalopathy cases in Japan and US.
DOI	https://doi.org/10.1007/s00181-013-0777-3
ISSN	03777332