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A Monte Carlo experiment is undertaken to examine the small sample properties of three alternative estimators of a bivariate probit model with selection. The three estimators are the censored probit estimator, single-equation probit applied to the selected sub-sample and single-equation probit...
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A Modification of the CUSUM Test in the Linear Regression Model with Lagged Dependent Variables -- Heteroskedasticity-Robust Tests for Structural Change -- A Switching Regression Model with Different Change-Points for Individual Coefficients and its Application to the Energy Demand Equations for...
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