A note on the different interpretation of the correlation parameters in the Bivariate Probit and the Recursive Bivariate Probit

This note shows that, if a Bivariate Probit (BP) model is estimated on data arising from a Recursive Bivariate Probit (RBP) process, the resulting BP correlation parameter is a weighted average of the RBP correlation parameter and the parameter associated to the endogenous binary variable. Two corol...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economics letters 2018-06, Vol.167, p.104-107
Hauptverfasser:	Filippini, Massimo, Greene, William H., Kumar, Nilkanth, Martinez-Cruz, Adan L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bivariate probit Correlation analysis Endogenous Monte Carlo simulation Recursive Bivariate probit Studies Tetrachoric correlation Variance analysis
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!