This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data … important determinants of participation, while race is much less important. -- Initial conditions ; missing data ; simulation …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

Importance Sampling (EIS). It allows the ML estimation of panel probit models with various dynamic specifications for the error …We use panel probit models with unobserved heterogeneity and serially correlated errors in order to analyze the … determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The likelihood …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

we demonstrate that in this extended setup Probit estimation on panel data sets does not pose a specific problem. The …Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects …

Section 4 we demonstrate that in this extended setup Probit - estimation on panel data sets does not pose a specific problem …Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects …