Autor:	Adriaan Kalwij
Rok vydání:	2004
Popis:	This study formulates an easy-to-use two-step first-difference estimator for a panel data Tobit model. In the first step a bivariate Probit is estimated, using all observations. These estimates are used to construct correction terms that are added to the first-difference equation. This equation is estimated by Least Squares on a sub-sample of observations for which the dependent variable is positive in both periods. Most of this study is concerned with the derivation of the corrections terms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od_______645::08bc8bfb03f8b4d2508d25e8fc7b5cd8 http://archive.uva-aias.net/uploaded_files/publications/WP21.pdf Zobrazit plný text záznamu