Table 2.
Summary statistics for the posterior distributions of the parameters from the Florida employment and fatality rate models.
| Mean | S.D. | 95% HPD Interval | ||
|---|---|---|---|---|
| Panel A: Employment Equation | ||||
| α 0 | 0.6016 | 0.5895 | −0.5086 | 1.8175 |
| α 1 | −5.6685 | 0.5572 | −6.7189 | −4.5371 |
| α 2 | −0.0511 | 0.0195 | −0.0914 | −0.0154 |
| ϕ 1 | 0.3174 | 0.0391 | 0.2357 | 0.3896 |
| ϕ 2 | 0.9884 | 0.0111 | 0.9643 | 1.0000 |
| ϕ 3 | −0.0559 | 0.0645 | −0.1797 | 0.0755 |
| ϕ 4 | −0.2559 | 0.0564 | −0.3616 | −0.1413 |
| σ 2 | 0.0239 | 0.0013 | 0.0214 | 0.0265 |
| Panel B: Fatality Rate Equation | ||||
| γ 0 | 0.0008 | 0.0057 | −0.0102 | 0.0118 |
| γ 1 | 0.0467 | 0.0859 | −0.1253 | 0.2058 |
| ϕ 1 | 0.8693 | 0.0628 | 0.7543 | 0.9902 |
| ϕ 2 | 0.0282 | 0.0261 | −0.0238 | 0.0785 |
| σ 2 | 0.0004 | 0.0001 | 0.0003 | 0.0005 |