Chen, Zhuo; Yen, Steven - In: Applied Economics 37 (2005) 21, pp. 2459-2468
Heien and Wessells' two-step estimator for the multivariate sample-selection model has been used extensively during the past 15 years. A modified version of it, with slightly different selectivity regressors, has also appeared in the empirical literature. Both estimators are unfounded and...