Coelho, Danilo; Veiga, Helena; R?rt Veszteg - Departament d'Economia i Història Econòmica, … - 2005
This comment corrects the errors in the estimation process that appear in Martins (2001). The first error is in the parametric probit estimation, as the previously presented results do not maximize the log-likelihood function. In the global maximum more variables become significant. As for the...