Two-Step Estimation of a Censored System of Equations

A consistent two-step estimation procedure is proposed for a system of equations with limited dependent variables. Monte Carlo simulation results suggest the procedure outperforms an existing two-step method. Copyright 1999, Oxford University Press.

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Year of publication:	1999
Authors:	Shonkwiler, J. Scott ; Yen, Steven T.
Published in:	American Journal of Agricultural Economics. - Agricultural and Applied Economics Association - AAEA. - Vol. 81.1999, 4, p. 972-982
Publisher:	Agricultural and Applied Economics Association - AAEA

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009401457