| and (2007) | |||||||||||||||
Abstract | |||||||||||||||
| Over the last decade econometric inference based on simulation techniques has become increasingly common, particularly for latent variable models. The reason is that such models often generate econometric objective functions that embed high-order integrals, and which, consequently, can be most easily evaluated using simulation techniques. 1 There are several well known classical techniques for inference by simulation. Perhaps most common | |||||||||||||||
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