Dearest,
I plan to investigate common factors driving co-movement in Italian Municipalities local growth. I mainly refer to "Beetsma, R. M., Cimadomo, J., & Van Spronsen, J. (2022). One scheme fits all: A central fiscal capacity for the EMU targeting eurozone, national and regional shocks".
The paper employs a Bayesian Dynamic Factor Model to measure EU, Country-specific and Regional idiosyncratic shocks.
I see that Stata allows for dynamic factor modelling through the dfactor command. However, as far as I could understand, it doesn't allow for the Bayesian specification.
Do you know if there are any procedures or commands to develop a Bayesian Dynamic Factor Model in Stata?
Thank you in Advance.
PS: It's the first time i'm using the Forum and I am a Stata beginner. Please tell me if I made any mistake.
Adriano d'Onofrio,
Ph.d in Public Governance, Management and Policy,
University of Bologna
I plan to investigate common factors driving co-movement in Italian Municipalities local growth. I mainly refer to "Beetsma, R. M., Cimadomo, J., & Van Spronsen, J. (2022). One scheme fits all: A central fiscal capacity for the EMU targeting eurozone, national and regional shocks".
The paper employs a Bayesian Dynamic Factor Model to measure EU, Country-specific and Regional idiosyncratic shocks.
I see that Stata allows for dynamic factor modelling through the dfactor command. However, as far as I could understand, it doesn't allow for the Bayesian specification.
Do you know if there are any procedures or commands to develop a Bayesian Dynamic Factor Model in Stata?
Thank you in Advance.
PS: It's the first time i'm using the Forum and I am a Stata beginner. Please tell me if I made any mistake.
Adriano d'Onofrio,
Ph.d in Public Governance, Management and Policy,
University of Bologna
