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  • Welfare gains of the poor: An endogenous Bayesian approach with spatial random effects 

    Ramírez Hassan, Andrés; Montoya Blandón, Santiago (Universidad EAFIT; Escuela de Economía y Finanzas, 2015-07-07)
    We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We find through a limited Monte Carlo experiment that our ...