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An Empirical Examination Of Maximum Entropy Estimation., Randall Charles Campbell
An Empirical Examination Of Maximum Entropy Estimation., Randall Charles Campbell
LSU Historical Dissertations and Theses
Maximum entropy estimation is a relatively new estimation technique in econometrics. We carry out several Monte Carlo experiments using real data as a basis in order to understand the properties of the maximum entropy estimator. We compare the maximum entropy and generalized maximum entropy estimators to traditional estimation techniques in linear regression, binary choice, and multinomial choice models. In addition, we discuss maximum entropy estimation in censored and truncated regression models. We find that the generalized maximum entropy estimator dominates the logit estimator and the multinomial logit estimator in Monte Carlo experiments. The generalized maximum entropy estimator in discrete choice …
Impact Of Shrimp Imports On The United States' Southeastern Shrimp Processing Industry And Processed Shrimp Market., Hamady Diop
Impact Of Shrimp Imports On The United States' Southeastern Shrimp Processing Industry And Processed Shrimp Market., Hamady Diop
LSU Historical Dissertations and Theses
The shrimp harvesting sector is the largest component of the southeastern United States fishing industry, accounting for 57% of the total value of landings in the region in 1996. U.S. shrimp imports were valued at $2.6 billion in 1996. Together, domestic production and imports of the raw product support a large shrimp processing sector, which provides several thousand jobs either directly or indirectly. In 1975 and 1984, the United States International Trade Commission (USITC) investigated the industry to determine whether the volume of shrimp imports was high enough to threaten domestic firms which were producing articles similar to, or directly …
Essays On Identification Of Monetary Policy Shocks In Vector Autoregressive Models: Alternative Identification Schemes And Lag Structures., Keuk-Soo Kim
LSU Historical Dissertations and Theses
This dissertation is primary concerned with the sensitivity of the effects of monetary policy shocks across alternative identification schemes and lag structures. The four widely-cited identification schemes of Christiano, Eichenbaum, and Evans (1994; 1996), Strongin (1995), Bernanke and Mihov (1998), and the long-run restrictions approach pioneered by Blanchard and Quah (1989) are used. Also, three types of lag structures---symmetric, Keating-type, and Hsiao-type asymmetric lag structures---are employed. The first essay focuses upon a closed economy framework. The results indicate that impulse response functions for macro variables are often sensitive to identification schemes and lag structures. For a given lag structure, the …
Analysis Of *Policy Alternatives In The Implementation Of A Coastal Nonpoint Pollution Control Program For Agriculture., Hugo Cardona Castillo
Analysis Of *Policy Alternatives In The Implementation Of A Coastal Nonpoint Pollution Control Program For Agriculture., Hugo Cardona Castillo
LSU Historical Dissertations and Theses
Agriculture has been singled out as one of the major nonpoint sources of water pollution. To identify alternative policy tools for the implementation of a non-regulatory approach to comply with the Coastal Nonpoint Pollution Control Program (CNPCP) required by The Coastal Zone Act Reauthorization Amendments of 1990, policy makers need to determine factors that may influence producers' willingness to adopt proposed Best Management Practices (BMPs). Neoclassical economic concepts of utility maximization on the part of agricultural producers constitutes the theoretical background in this study, but it is enhanced with the incorporation of a well proved set of theoretical tools based …
Estimating The Returns To Investment In Louisiana's Agricultural Research System., Yongli Zhu
Estimating The Returns To Investment In Louisiana's Agricultural Research System., Yongli Zhu
LSU Historical Dissertations and Theses
This study demonstrates one way in which the combined nonparametric and parametric estimates of returns-to-research can be used to build a stronger argument for public investment in agricultural research. The data used in this study were constructed from time series information covering the period 1949--95. Tornqvist-Theil quantity indices were calculated to determine the implicit state price for each input category. The returns-to-research in Louisiana agriculture were estimated using both nonparametric and parametric estimators, with appropriate emphasis given to lag structures, data coherence, and functional forms. Model misspecification testing for the parametric model was examined. Internal rates of return were calculated …