Estimate for A. Cook for excavation on marsh lands main drain

Estimate for A. Cook for excavation on marsh lands main drain. This is signed by Fred Holmes, Aug. 28, 1857.

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook, unsigned. Estimate no.24, Aug., 1857.

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook, unsigned. Estimate no.25, Sept., 1857.

Estimate for A. Cook for marsh lands main drain for the month of Sept. Also included is a list of labourers’ time for the month of September for A. Cook and Rose Osborne

Estimate for A. Cook for marsh lands main drain for the month of Sept. Also included is a list of labourers’ time for the month of September for A. Cook and Rose Osborne. This is signed by Fred Holmes, Sept. 26, 1857.

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook, unsigned. Estimate no.26, Oct., 1857.

Estimate for A. Cook for marsh lands main drain for the month of Sept. Also included is a list of labourers’ time for the month of October for A. Cook’s men and Rose Osborne

Estimate for A. Cook for marsh lands main drain for the month of Sept. Also included is a list of labourers’ time for the month of October for A. Cook’s men and Rose Osborne. This is signed by Fred Holmes, Oct. 27, 1857.

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook

County of Welland estimate of work done on the main drain of the marsh lands by Alexander Cook, unsigned. Estimate no.27, Nov., 1857.

County of Welland final estimate of work done on the main drain of the marsh lands by Alexander Cook

County of Welland final estimate of work done on the main drain of the marsh lands by Alexander Cook complete with notes and calculations of quantities. This document is unsigned. Estimate no.28, Dec., 1857.

Estimate from the County of Welland to S.D. Woodruff for engineering services in marsh lands drainage for 1 year

Estimate from the County of Welland to S.D. Woodruff for engineering services in marsh lands drainage for 1 year, Dec. 1857.

Chart of final estimate of work done on section no.10, locks 24, 25 and 26 by Sharp and Quinn

Chart of final estimate of work done on section no.10, locks 24, 25 and 26 by Sharp and Quinn, contractors commenced Nov. 1843 and was finished May 1845.

Chart of final estimate of work done between Port Dalhousie and lock no.2 by Robert Jobson

Chart of final estimate of work done between Port Dalhousie and lock no.2 by Robert Jobson, contractor. The work commenced Nov. 1846 and was finished April 1847 on sections A and B, July 1847.

Chart of land drainage for the Welland Canal final estimate of work done on sections no.1, 2 and 3

Chart of land drainage for the Welland Canal final estimate of work done on sections no.1, 2 and 3 on the road below lock no. 2 leading to Port Dalhousie. Work commenced Nov. 1846 and finished July 1847. Road work and the waste weir no.1 to Port Dalhousie work commenced Aug. 1847 and finished Sept. 1847, Nov.1, 1847.

Estimate of dredging prices

Estimate of dredging prices, July 14, 1854.

Methods to Estimate Dynamic Stochastic General Equilibrium Models

This paper employs the one-sector Real Business Cycle model as a testing ground for four different procedures to estimate Dynamic Stochastic General Equilibrium (DSGE) models. The procedures are: 1 ) Maximum Likelihood, with and without measurement errors and incorporating Bayesian priors, 2) Generalized Method of Moments, 3) Simulated Method of Moments, and 4) Indirect Inference. Monte Carlo analysis indicates that all procedures deliver reasonably good estimates under the null hypothesis. However, there are substantial differences in statistical and computational efficiency in the small samples currently available to estimate DSGE models. GMM and SMM appear to be more robust to misspecification than the alternative procedures. The implications of the stochastic singularity of DSGE models for each estimation method are fully discussed.