Bivariate dynamic probit models for panel data
In this talk, I will discuss the main methodological features of the bivariate dynamic probit model for panel data. I will present an example using simulated data, giving special emphasis to the initial conditions problem in dynamic models and the difference between true and spurious state dependence. The model is fit by maximum simulated likelihood.
References listed on IDEAS
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- Francesco Devicienti & Ambra Poggi, 2011.
"Poverty and social exclusion: two sides of the same coin or dynamically interrelated processes?,"
Taylor & Francis Journals, vol. 43(25), pages 3549-3571.
- Francesco Devicienti & Ambra Poggi, 2007. "Poverty and social exclusion: two sides of the same coin or dynamically interrelated processes?," LABORatorio R. Revelli Working Papers Series 62, LABORatorio R. Revelli, Centre for Employment Studies.
- Alessie, Rob & Stefan Hochguertel & Arthur van Soest, 2002.
"Ownership of Stocks and Mutual Funds: A Panel Data Analysis,"
Royal Economic Society Annual Conference 2002
3, Royal Economic Society.
- Rob Alessie & Stefan Hochguertel & Arthur van Soest, 2004. "Ownership of Stocks and Mutual Funds: A Panel Data Analysis," The Review of Economics and Statistics, MIT Press, vol. 86(3), pages 783-796, August.
- Alessie, R.J.M. & Hochgürtel, S. & van Soest, A.H.O., 2001. "Ownership of Stocks and Mutual Funds : A Panel Data Analysis," Discussion Paper 2001-94, Tilburg University, Center for Economic Research.
- Alessie, R.J.M. & Hochgürtel, S. & van Soest, A.H.O., 2004. "Ownership of stocks and mutual funds : A panel data analysis," Other publications TiSEM 471d7c77-905c-4d47-84b9-d, Tilburg University, School of Economics and Management.
- Keane, Michael P, 1992. "A Note on Identification in the Multinomial Probit Model," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(2), pages 193-200, April.
- Mosconi, Rocco & Seri, Raffaello, 2006. "Non-causality in bivariate binary time series," Journal of Econometrics, Elsevier, vol. 132(2), pages 379-407, June.
- Gourieroux, Christian & Monfort, Alain, 1993. "Simulation-based inference : A survey with special reference to panel data models," Journal of Econometrics, Elsevier, vol. 59(1-2), pages 5-33, September.
- Miranda, Alfonso, 2007. "Migrant Networks, Migrant Selection, and High School Graduation in Mexico," IZA Discussion Papers 3204, Institute for the Study of Labor (IZA).
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