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A Monte Carlo simulation study of Tobit models

Author

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  • Lennart Flood
  • Urban Gråsjo

Abstract

This study focuses on a comparison of different kinds of Tobit models. According to the findings, a simple Tobit I method can produce results that are similar to and in some cases better than much more sophisticated methods. This is especially true if the participation or index equation is incorrectly specified.

Suggested Citation

  • Lennart Flood & Urban Gråsjo, 2001. "A Monte Carlo simulation study of Tobit models," Applied Economics Letters, Taylor & Francis Journals, vol. 8(9), pages 581-584.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:9:p:581-584
    DOI: 10.1080/13504850010027581
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    Cited by:

    1. Kani, Masayo & Motohashi, Kazuyuki, 2012. "Understanding the technology market for patents: New insights from a licensing survey of Japanese firms," Research Policy, Elsevier, vol. 41(1), pages 226-235.
    2. Robert Jonsson, 2012. "When does Heckman’s two-step procedure for censored data work and when does it not?," Statistical Papers, Springer, vol. 53(1), pages 33-49, February.
    3. Ogada, Maurice Juma, 2012. "Forest Management Decentralization in Kenya: Effects on Household Farm Forestry Decisions in Kakamega," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126319, International Association of Agricultural Economists.
    4. David Jesuit & Piotr Paradowski & Vincent Mahler, 2008. "The Conditional Effects of Income Inequality on Extreme Right Wing Votes: A Subnational Analysis of Western Europe in the 1990’s," LIS Working papers 486, LIS Cross-National Data Center in Luxembourg.
    5. Jonsson, Robert, 2008. "When does Heckman’s two-step procedure for censored data work and when does it not?," Research Reports 2008:2, University of Gothenburg, Statistical Research Unit, School of Business, Economics and Law.
    6. Anders Boman, 2011. "Does migration pay? Earnings effects of geographic mobility following job displacement," Journal of Population Economics, Springer;European Society for Population Economics, vol. 24(4), pages 1369-1384, October.
    7. Gideon Danso-Abbeam & Gilbert Dagunga & Dennis Sedem Ehiakpor, 2019. "Adoption of Zai technology for soil fertility management: evidence from Upper East region, Ghana," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-14, December.
    8. Kenta Nakamura & Hiroyuki Odagiri, 2005. "R&D boundaries of the firm: An estimation of the double-hurdle model on commissioned R&D, joint R&D, and licensing in Japan," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(7), pages 583-615.
    9. Stewart, Jay, 2013. "Tobit or not Tobit?," Journal of Economic and Social Measurement, IOS Press, issue 3, pages 263-290.
    10. Zhao, Yunfei & Marsh, Thomas L. & Li, Huixin, 2012. "An Evaluation Of Estimators For Censored Systems Of Equations Using Monte Carlo Simulation," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 129166, Agricultural and Applied Economics Association.

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