Bayesian Estimation of Cox Models with Non-Nested Random Effects: An Application to the Ratification of ILO Conventions by Developing Countries
Annales d’Economie et de Statistique, Forthcoming
35 Pages Posted: 27 Jun 2010
Date Written: August 25, 2009
We use a multivariate hazard model to analyse the ratification behaviour of ILO conventions by developing countries. The model accounts for two random effects: one at the country level, the other at the convention level. After investigating identification, we use a semi-parametric Bayesian approach based on the partial likelihood. We find diverging results between Bayesian and frequentist estimates concerning the importance of the two unobserved heterogeneities.
Keywords: Gibbs sampling, partial likelihood, frailties, duration analysis
JEL Classification: C11, C14, C15, C41, D78, J80, O19
Suggested Citation: Suggested Citation