Murat Khairzhan-uli Munkin

Associate Professor of Economics


Ph.D., Indiana University, Bloomington, 2001

Department of Economics


Moscow State University, Moscow, 1993

Department of Mechanics and Mathematics, Probability Theory


Kazakhstan School of Physics and Mathematics, Almaty, 1986




Mailing Address

4202 East Fowler Avenue, CMC342
Department of Economics

University of South Florida

Tampa, FL 33620-5700



CMC 208M

Phone: (813) 974 6517

Fax: (813) 974 6510



Working Papers


Count Roy Model with Finite Mixtures   Computational Appendix (Revised July 8, 2021)


Biases in Maximum Simulated Likelihood Estimation of Bivariate Models (Revised February 16, 2021; with Maksat Jumamyradov)


Bayesian Analysis of the Multinomial Probit Model (Revised November 17, 2020)


Semiparametric Analysis of the Effect of Income on the Consumption of Tobacco and Alcohol Products in Turkey (Revised November 23, 2020)


Islamic Finance and SDG 10: A Mirage? (2021), Accepted to Islamic Finance and Sustainable Development - A Sustainable Economic Framework for Muslim and non-Muslim Countries, Palgrave Macmillan (Springer Nature), (with Hylmun Izhar)


Bayesian semiparametric analysis on the relationship between BMI and income for rural and urban workers in China, (2021), Accepted to Journal of Applied Statistics (with Lijuan Feng)


Journal Articles and Book Chapters


“Bayesian Analysis of the Two-Part Model with Endogeneity: Application to Health Care Expenditure”, (2020), Empirical Health Economics Edited by Andrew M. Jones, Edward Elgar Publishing (Reprint with P. Deb and P.K. Trivedi)


“The Effect of Total Capital on Asset Risks of Islamic Banks: The Endogenous Treatment Panel Data Model Approach”, (2017), Review of Financial Economics, 34, 1-9 (with Syed Basher and Lawrence Kessler)


“Simulating the Contribution of a Biospecimen and Clinical Data Repository in a Phase II Clinical Trial: a Value of Information Analysis”, (2016), Statistical Methods in Medical Research, 25, 1303-1312 (with Benjamin Craig, Gang Han and David Fenstermacher)


“Estimating Incentive and Selection Effects in Medigap Insurance Market: An Application with Dirichlet Process Mixture Model”, (2015), Journal of Applied Econometrics (with Stewart Hu and P.K. Trivedi)


“Bayesian Estimation of Panel Data Fractional Response Models with Endogeneity: An Application to Standardized Test Rates”, (2015), Empirical Economics, 49, 81-114 (with Lawrence Kessler


“The Endogenous Sequential Probit Model: An Application to the Demand for Hospital Utilization”, (2011), Economics Letters, 112, 182-185


Disentangling incentives effects of insurance coverage from adverse selection in the case of drug expenditure: a finite mixture approach”, (2010), Health Economics, 19, 1093-1108. (with P.K. Trivedi)


“Recent Developments in Cross-Section and Panel Data Models of Event Counts”, (2010), The Handbook of Empirical Economics and Finance, edited by David Giles and Aman Ullah, 87-131 (with P.K. Trivedi)


“Demand for Cigarettes: A Mixed Binary-Ordered Probit Approach”, (2010), Applied Economics, 42, 413-426 (with P. Kasteridis and S. Yen)


“A Bayesian Analysis of the OPES Model with a Non-parametric Component: Application to Dental Insurance and Dental Care,” (2009), Advances in Econometrics, Volume 23: Bayesian Econometrics (with P.K. Trivedi)


“Bayesian Analysis of the Ordered Probit Model with Endogenous Selection”, (2008), Journal of Econometrics, 143, 334-348 (with P.K. Trivedi)


“Private Insurance, Selection, and the Health Care Use: A Bayesian Analysis of a Roy-type Model”, (2006), Journal of Business and Economic Statistics, 24, 403-415 (with P. Deb and P.K. Trivedi)


“Bayesian Analysis of the Two-Part Model with Endogeneity: Application to Health Care Expenditure”, (2006), Journal of Applied Econometrics, 21, 1081-1099 (with P. Deb and P.K. Trivedi)


“Bayesian Analysis of Self-Selection Model with Multiple Outcomes Using Simulation-Based Estimation: An Application to the Demand for Healthcare”, (2003), Journal of Econometrics, 114, 197-220 (with P.K. Trivedi)


“The MCMC and SML Estimation of a Self-Selection Model”, (2003), Computational Statistics and Data Analysis, 42, 403-424


 “Simulated Maximum Likelihood Estimation of Multivariate Mixed-Poisson Regression Models, With Application,” The Econometrics Journal, (1999), 2, 29-48 (with P.K. Trivedi)




Last updated July 31, 2021