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Friday, January 21, 2011
The Look-Ahead Estimator...
Here is another estimate of the stationary distribution for the version of the Solow growth model detailed in previous posts. Estimation of this stationary distribution was carried out using the Look Ahead estimator detailed in Economic Dynamics: Theory and Computation. Although the Look Ahead estimator has superior sampling properties to NPKDE, I have also included the NPKDE version of the stationary distribution for comparison. I have not yet figured out exactly why the y-axis scales differ (perhaps they are supposed to?). Many thanks to John Stachurski for help working optimizing my implementation of the Look Ahead estimator! Buy his book! Code will be posted to my GitHub Google Code repository tomorrow...
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