Random Coefficient Models: Theory and Applications.

C-Tier
Journal: Journal of Economic Surveys
Year: 1995
Volume: 9
Issue: 2
Pages: 165-96

Authors (2)

Swamy, P A V B (not in RePEc) Tavlas, George S (Bank of Greece)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper provides an overview of the rationale behind, and the implementation, and uses of, the random coefficient approach to econometric modeling. A simple random coefficient model is presented, and methods for estimating, testing, and validating such a model are described. A more general model is then presented. The general model is shown to include several fixed-coefficient models as special cases and can be estimated incorporating a variety of judgements concerning simplification. Finally, the paper reviews recent applications of random coefficient estimation. Copyright 1995 by Blackwell Publishers Ltd

Technical Details

RePEc Handle
repec:bla:jecsur:v:9:y:1995:i:2:p:165-96
Journal Field
General
Author Count
2
Added to Database
2026-01-29