State-Space Poisson Models for Event-Count Time Series: Evidence from the Legislative Productivity of the U.S. Congress
State-Space Poisson Models for Event-Count Time Series: Evidence from the Legislative Productivity of the U.S. Congress
최문섭(이화여대); 福元健太郞(學習院大學)
31권 4호, 55~73쪽
초록
For event-count time series data, the Poisson distribution is limited because it assumes independent events. In this study, we horserace two state-space Poisson methods in analyzing the legislative productivity of the U.S. Congress:the Poisson exponentially weighted moving average (PEWMA) and Poisson autoregressive (PAR) models. They distinguish from the conventional Poisson and negative binomial event-count models by explicitly specifying the time-series process in a Bayesian parameter-feedback context. We find that (1) a divided government does not matter for the legislative productivity of the U.S. Congress; but, (2) electoral consideration of lawmakers urges them to make more laws in the election year, and (3) wider-seat margin Senatorial majority legislate more.
Abstract
For event-count time series data, the Poisson distribution is limited because it assumes independent events. In this study, we horserace two state-space Poisson methods in analyzing the legislative productivity of the U.S. Congress:the Poisson exponentially weighted moving average (PEWMA) and Poisson autoregressive (PAR) models. They distinguish from the conventional Poisson and negative binomial event-count models by explicitly specifying the time-series process in a Bayesian parameter-feedback context. We find that (1) a divided government does not matter for the legislative productivity of the U.S. Congress; but, (2) electoral consideration of lawmakers urges them to make more laws in the election year, and (3) wider-seat margin Senatorial majority legislate more.
- 발행기관:
- 한국경영과학회
- 분류:
- 경영학