This paper extends the analysis of bivariate seemingly unrelated (SUR) Tobit model by modeling its nonlinear dependence structure through copulas. The capability in coupling together the different marginal distributions allows the flexible modeling for the SUR Tobit. The ability in capturing...

Macroeconomic data are an important piece of information in decision making for both the public and private sectors in Thailand. However, the release of key macroeconomic data, usually in a lower frequency such as quarterly, is not always in a timely manner. Using the higher frequency data such...