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- W3121307166 abstract "The performances of alternative two-stage estimators for the endogenous switching regression model with discrete dependent variables are compared, with regard to their usefulness as starting values for maximum likelihood estimation. This is especially important in the presence of large correlation coefficients, in which case maximum likelihood procedures have difficulties to converge. Monte-Carlo simulations indicate that an estimator that corrects for conditional heteroskedasticity of the residuals is superior in almost all instances, and especially when maximum likelihood is problematic. This result is also obtained in an empirical example in which off-farm work participation equations of farm women are conditional on farm work participation status." @default.
- W3121307166 created "2021-02-01" @default.
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- W3121307166 date "1999-05-24" @default.
- W3121307166 modified "2023-09-26" @default.
- W3121307166 title "Estimation of an Endogenous Switching Regression Model with Discrete Dependent Variables: Monte-Carlo Analysis and Empirical Application of Three Estimators" @default.
- W3121307166 hasPublicationYear "1999" @default.
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