TY - JOUR
T1 - Seemingly unrelated intervention time series models for effectiveness evaluation of large scale environmental remediation
AU - Ip, Ho Leung
AU - Li, W.K.
AU - Leung, Kenneth M.Y.
PY - 2013/9
Y1 - 2013/9
N2 - Large scale environmental remediation projects applied to sea water always involve large amount of capital investments. Rigorous effectiveness evaluations of such projects are, therefore, necessary and essential for policy review and future planning. This study aims at investigating effectiveness of environmental remediation using three different Seemingly Unrelated Regression (SUR) time series models with intervention effects, including Model (1) assuming no correlation within and across variables, Model (2) assuming no correlation across variable but allowing correlations within variable across different sites, and Model (3) allowing all possible correlations among variables (i.e., an unrestricted model). The results suggested that the unrestricted SUR model is the most reliable one, consistently having smallest variations of the estimated model parameters. We discussed our results with reference to marine water quality management in Hong Kong while bringing managerial issues into consideration.
AB - Large scale environmental remediation projects applied to sea water always involve large amount of capital investments. Rigorous effectiveness evaluations of such projects are, therefore, necessary and essential for policy review and future planning. This study aims at investigating effectiveness of environmental remediation using three different Seemingly Unrelated Regression (SUR) time series models with intervention effects, including Model (1) assuming no correlation within and across variables, Model (2) assuming no correlation across variable but allowing correlations within variable across different sites, and Model (3) allowing all possible correlations among variables (i.e., an unrestricted model). The results suggested that the unrestricted SUR model is the most reliable one, consistently having smallest variations of the estimated model parameters. We discussed our results with reference to marine water quality management in Hong Kong while bringing managerial issues into consideration.
U2 - 10.1016/j.marpolbul.2013.07.032
DO - 10.1016/j.marpolbul.2013.07.032
M3 - Article
C2 - 23932418
SN - 0025-326X
VL - 74
SP - 56
EP - 65
JO - Marine Pollution Bulletin
JF - Marine Pollution Bulletin
IS - 1
ER -