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At the northern end of the borough of Newcastle-under-Lyme, Kidsgrove and Butt Lane were quiet and rural areas of scattered settlements that became an industrial centre of great importance in the economy of North Staffordshire. Today, the areas are largely residential, with housing belonging mainly from the post-war era onwards. Coal mines and ironworks changed the landscape and population and housing increased; development by the Trent and Mersey Canal and the arrival of the railway allowed the area to flourish. Nowadays, most of the heavy industry has declined and many once-familiar sights...

In this new and expanding area, Tony Lancaster's text is the first comprehensive introduction to the Bayesian way of doing applied economics.

• Uses clear explanations and practical illustrations and problems to present innovative, computer-intensive ways for applied economists to use the Bayesian method;


• Emphasizes computation and the study of probability distributions by computer sampling;
  
• Covers all the standard econometric models, including linear and non-linear regression using cross-sectional, time series, and panel...

This book presents statistical methods for analysis of the duration of events. The primary focus is on models for single-spell data, events in which individual agents are observed for a single duration. Some attention is also given to multiple-spell data. The first part of the book covers model specification, including both structural and reduced form models and models with and without neglected heterogeneity. The book next deals with likelihood based inference about such models, with sections on full and semiparametric specification. A final section treats graphical and numerical methods of...