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Many econometric analyses include dependent variables constrained to the interval between zero and 1 Under such conditions, simple regression procedures break down Several alternative stochastic models which avoid this problem can be defined depending on the assumed error structure Two...
Persistent link: https://www.econbiz.de/10010919327
The classical approach for specifying statistical models with binary dependent variables in econometrics using latent variables or threshold models can leave the model misspecified, resulting in biased and inconsistent estimates as well as erroneous inferences. Furthermore, methods for trying to...
Persistent link: https://www.econbiz.de/10005477054
For over the last thirty years the multinomial logit model has been the standard in choice modeling. Development in econometrics and computational algorithms has led to the increasing tendency to opt for more flexible models able to depict more realistically choice behavior. This study compares...
Persistent link: https://www.econbiz.de/10009020280
Discrete choice models are widely used in studies of recreation demand. They have proven valuable when modeling situations where decision makers face large choice sets and site substitution is important. However, when the choice set faced by the individual becomes very large (on the order of...
Persistent link: https://www.econbiz.de/10005012531
Persistent link: https://www.econbiz.de/10010916566
I introduce a novel general equilibrium framework for agricultural trade policy analysis with heterogeneous producers in which agro-ecological characteristics in uence patterns of specialization within the sector and trade costs are product-specific. This induces substantial variation in market...
Persistent link: https://www.econbiz.de/10011068615
I demonstrate that Ai and Norton’s (2003) point about cross differences is not relevant for the estimation of the treatment effect in nonlinear “difference-in-differences” models such as probit, logit or tobit, because the cross difference is not equal to the treatment effect, which is the...
Persistent link: https://www.econbiz.de/10005763552
Many studies report empirical relationship either between fertility and labour supply or, between health and labour market outcomes. In this paper, an extension of these ideas involves explicitly considering how fertility and health affect each other, and how they interrelate with labour force...
Persistent link: https://www.econbiz.de/10005836383
Technical regulations are increasingly visible in agricultural trade, yet their idiosyncratic nature has limited prior aggregate analysis. This article draws on a unique data source for systematic enumeration of the technical regulations questioned by one exporter among all of its trading...
Persistent link: https://www.econbiz.de/10005469268
Primary enrolment rates are very high in Peru, but so are the failure and drop-out rates. Thus an understanding of the nature of child schooling should consider school progression from primary to secondary and higher levels, taking account of the conditional sequence with the previous level and...
Persistent link: https://www.econbiz.de/10005396033