A New Use of Importance Sampling to Reduce Computational Burden in Simulation Estimation
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Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model and
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美国国家经济研究局创建时间:
2001-07-01



