Does the Agency Cost Model Explain Business Fluctuations in Japan?: a Bayesian Approach to Estimate Agency Cost for Firms Classified by Size

DOI10.14490/JJSS.38.349zbMath1248.91059OpenAlexW2060634453MaRDI QIDQ2919545

Kazuo Ogawa, Hirokuni Iiboshi

Publication date: 4 October 2012

Published in: JOURNAL OF THE JAPAN STATISTICAL SOCIETY (Search for Journal in Brave)

Full work available at URL: https://www.jstage.jst.go.jp/A_PRedirectJournalInit?sryCd=jjss&kijiCd=38_3_349&screenID=AF06S010&noVol=38&noIssue=3

zbMATH Keywords

collateralKalman filterinvestmentGibbs samplingstate space modelborrowingagency cost

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economic growth models (91B62)

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