A practical comparison of the bivariate probit and linear IV estimators

This paper compares asymptotic and finite sample properties of linear IV and bivariate probit in models with an endogenous binary treatment and binary outcome. The results provide guidance on the choice of model specification and help to explain large differences in the estimates depending on the specification chosen.

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Year of publication:	2012
Authors:	Chiburis, Richard C. ; Das, Jishnu ; Lokshin, Michael
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 3, p. 762-766
Publisher:	Elsevier
Subject:	Limited dependent variable \| Dummy endogenous regressor \| Treatment effects \| Bootstrap \| Goodness of fit

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594135