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Home | People | Richard Paap
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Richard Paap

Research Fellow

University
Erasmus University Rotterdam
Researchgroup
Econometrics
Interests
applied econometrics, econometrics

Biography

Richard Paap is a professor of Econometrics at Econometric Institute, Erasmus School of Economics (ESE). He obtained his PhD from the same school in 1997.

He has publications in several major econometric, economic and marketing journals and he is coauthor of the book Quantitative Models in Marketing Research.

He is currently Academic Director of the Master Econometrics.

Key publications

List of publications

Nibbering,D. and Paap,R. and van der Wel,M.. 2018. What do professional forecasters actually predict?. International Journal of Forecasting, 34, 288--311

Bel,K. and Fok,D. and Paap,R.. 2017. Parameter Estimation in Multivariate Logit Models with Many Binary Choices (forthcoming). Econometric Reviews, 37, 534--550

Franses,P.H.B.F. and Legerstee,R. and Paap,R.. 2017. Estimating loss functions of experts. Applied Economics, 49, 386--396

Bel,K. and Paap,R.. 2016. Modeling the Impact of Forecast-based Regime Switches on US Inflation. International Journal of Forecasting, 32, 1306--1316

Groen,J.J.J. and Paap,R. and Ravazzolo,F.. 2013. Real-time Inflation Forecasting in a Changing World. Journal of Business and Economic Statistics, 31, 29--44

Cakmakli,C. and Paap,R. and van Dijk,D.J.C.. 2013. Measuring and predicting heterogeneous recessions. Journal of Economic Dynamics and Control, 37, 2195--2216

van den Hauwe,S. and Paap,R. and van Dijk,D.J.C.. 2013. Bayesian forecasting of federal funds target rate decisions. Journal of Macroeconomics, 37, 19--40

Fok,D. and Paap,R. and van Dijk,A.. 2012. A Rank-Ordered Logit Model with Unobserved Heterogeneity in Ranking Capabilities. Journal of Applied Econometrics, 27, 831--846

Geweke,J.F. and Koop,G. and Paap,R.. 2012. Editorial Introduction for the Annals Issue of the Journal of Econometrics on Bayesian Models, Methods and Applications. Journal of Econometrics, 171, 99--100

Basturk,N. and Paap,R. and van Dijk,D.J.C.. 2012. Structural differences in economic growth: An endogenous clustering approach. Applied Economics, 44, 119--134

Fidrmuc,J. and Paap,R. and Roosenboom,P.G.J. and Teunissen,T.. 2012. One size does not fit all: Selling firms to private equity versus strategic acquirers. Journal of Corporate Finance, 18, 828--848

van Dijk,A. and Franses,P.H.B.F. and Paap,R. and van Dijk,D.J.C.. 2011. Modeling Regional House Prices. Applied Economics, 43, 2097--2110

van Nierop,J.E.M. and Bronnenberg,B. and Paap,R. and Franses,P.H.B.F. and Wedel,M.. 2010. Retrieving Unobserved Consideration Sets from Household Panel Data. Journal of Marketing Research, 47, 63--74

Chintagunta,P. and Franses,P.H.B.F. and Paap,R.. 2009. Introduction to the Special Issue on New Econometric Models in Marketing. Journal of Applied Econometrics, 24, 375--376

Fok,D. and Paap,R.. 2009. Modeling category-level purchase timing with brand-level marketing variables. Journal of Applied Econometrics, 24, 469--489

Paap,R. and Segers,R. and van Dijk,D.J.C.. 2009. Do leading indicators lead peaks more than troughs?. Journal of Business and Economic Statistics, 27, 528--543

van Dijk,B. and Paap,R.. 2008. Explaining individual response using aggregated data. Journal of Econometrics, 146, 1--9

Brouwer,J. and Paap,R. and Viaene,J.M.A.. 2008. The trade and FDI effects of EMU enlargement. Journal of International Money and Finance, 27, 188--208

Franses,P.H.B.F. and van der Leij,M.J. and Paap,R.. 2008. A Simple Test for GARCH Against a Stochastic Volatility Model. Journal of Financial Econometrics, 6, 291--306

Fok,D. and Franses,P.H.B.F. and Paap,R.. 2007. Seasonality and non-linear price effects in scanner-data based market-response models. Journal of Econometrics, 138, 231--251

Bijwaard,G.E. and Franses,P.H.B.F. and Paap,R.. 2006. Modeling purchases as repeated events. Journal of Business and Economic Statistics, 24, 487--502

Donkers,B. and Paap,R. and Jonker,J.J. and Franses,P.H.B.F.. 2006. Deriving Target Selection Rules from Endogenously Selected Samples. Journal of Applied Econometrics, 21, 549--562

Kleibergen,F.R. and Paap,R.. 2006. Generalized reduced rank tests using the singular value decomposition.. Journal of Econometrics, 133, 97--126

Fok,D. and Horvath,Cs. and Paap,R. and Franses,P.H.B.F.. 2006. A hierarchical Bayes error correction model to explain dynamic effects of price changes. Journal of Marketing Research, 43, 443--461

Paap,R. and van Nierop,E. and van Heerde,H.J. and Wedel,M. and Franses,P.H.B.F. and Alsem,K.J.. 2005. Consideration sets, intentions and the inclusion of 'don't know' in a two-stage model for voter choice. International Journal of Forecasting, 21, 53--71

Paap,R. and Franses,P.H.B.F. and van Dijk,D.J.C.. 2005. Does Africa grow slower than Asia, Latin America and the Middle East? Evidence from a new data-based classification method. Journal of Development Economics, 77, 553--570

Franses,P.H.B.F. and Paap,R. and Vroomen,B.L.K.. 2004. Forecasting unemployment using an autoregression with censored latent effects parameters. International Journal of Forecasting, 20, 255--271

Paap,R. and van Dijk,H.K.. 2003. Bayes estimates of Markov trends in possibly cointegrated series: an application to U.S. consumption and income. Journal of Business and Economic Statistics, 21, 547--563

P.H. Franses and van der Leij, M.J. and R. Paap. 2002. Modelling and forecasting level shifts in absolute returns. Journal of Applied Econometrics, 17, 601--616, 0883-7252

Franses,P.H.B.F. and Paap,R.. 2002. Censored latent effects autoregression, with an application to us unemployment. Journal of Applied Econometrics, 17, 347--366

Kleibergen,F.R. and Paap,R.. 2002. Priors, posteriors and bayes factors for a Bayesian analysis of cointegration. Journal of Econometrics, 111, 223--249

van Dijk,D.J.C. and Franses,P.H.B.F. and Paap,R.. 2002. A nonlinear long memory model, with an application to US unemployment. Journal of Econometrics, 110, 135--165

Paap,R. and Franses,P.H.B.F.. 2000. A dynamic multinomial probit model for brand choice with different long-run and short-run effects of marketing-mix variables. Journal of Applied Econometrics, 15, 717--744

Franses,P.H.B.F. and Paap,R.. 1999. Does seasonal adjustment influence the dating if business cycle turning points?. Journal of Macroeconomics, 21, 79--92

Franses,P.H.B.F. and Paap,R.. 1999. Does seasonality influence the dating of business cycle turning points?. Journal of Macroeconomics, 21, 79--92

Franses,P.H.B.F. and Paap,R.. 1999. On trends and constants in periodic autoregressions. Econometric Reviews, 18, 271--286

Paap,R. and van Dijk,H.K.. 1998. Distribution and mobility of wealth of nations. European Economic Review, 42, 1269--1293

Franses,P.H.B.F. and Hoek,H. and Paap,R.. 1997. Bayesian analysis of seasonal unit roots and seasonal mean shifts. Journal of Econometrics, 78, 359--380

Paap,R. and Franses,P.H.B.F. and Hoek,H.. 1997. Mean shifts, unit roots and forecasting seasonal time series. International Journal of Forecasting, 13, 355--378

Franses,P.H.B.F. and Paap,R.. 1995. Seasonality and stochastic trends in German consumption and income. Empirical Economics, 20, 109--132

Franses,P.H.B.F. and Paap,R.. 1994. Model selection in periodic autoregressions. Oxford Bulletin of Economics and Statistics, 56, 421--439