INFORMATIVE PRIOR
DIFFUSE PRIOR
|
NORTH |
CENTER |
SOUTH |
PRIOR |
NORTH |
CENTER |
SOUTH | |
|
αL |
0.67734 |
0.65924 |
0.64535 |
0.71751 |
0.68055 |
0.65611 |
0.63901 |
|
st. err. |
0.00278 |
0.00234 |
0.00293 |
0.01158 |
0.00271 |
0.00346 |
0.00380 |
|
Yll |
0.19238 |
0.20726 |
0.21909 |
0.18793 |
0.25187 |
0.27113 |
0.30052 |
|
st. err. |
0.02470 |
0.01908 |
0.02447 |
0.01283 |
0.07895 |
0.06619 |
0.05407 |
|
Y###YL |
-0.07710 |
-0.06902 |
-0.05222 |
-0.18234 |
-0.09755 |
-0.06843 |
-0.06003 |
|
st. err. |
0.01820 |
0.01531 |
0.01742 |
0.02417 |
0.05927 |
0.06806 |
0.05447 |
|
6###TL |
-0.00582 |
-0.00826 |
-0.01077 |
0.00364 |
-0.00968 |
-0.01222 |
-0.01350 |
|
st. err. |
0.00131 |
0.00123 |
0.00135 |
0.00241 |
0.00439 |
0.00463 |
0.00322 |
|
σ^≡ |
0.00834 |
0.00660 |
0.00772 |
0.00351 |
0.00586 |
0.00620 |
0.00557 |
|
st. err. |
0.00159 |
0.00126 |
0.00147 |
0.00127 |
0.00213 |
0.00225 |
0.00202 |
with concavity imposed
|
δ###TL |
-0.00558 |
-0.00779 |
-0.01055 |
0.00522 |
-0.00599 |
-0.00791 | |
|
st. err. |
0.00125 |
0.00110 |
0.00119 |
0.00308 |
0.00400 |
0.00307 |
TABLE 1 - Parameter Characteristics
As I said above parameter distributions are nor very interesting per sè, perhaps
with the exception of the one relative to technical change. In Fig. B technical change
marginal densities in South are plotted using a diffuse or a proper prior with (solid line)
and without (dotted) concavity and monotonicity.
10