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A THRESHOLD MODEL APPROACH TO ESTIMATING THE ABNORMAL STOCK RETURNS

✍ Scribed by CHONG, TERENCE TAI-LEUNG; MAK, WING HEI; YAN, ISABEL KIT-MING


Book ID
120630026
Publisher
World Scientific
Year
2013
Tongue
English
Weight
170 KB
Volume
08
Category
Article
ISSN
2010-4952

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## Abstract In this paper we develop likelihood‐based methods for statistical inference in a joint system of equations for the choice of length of schooling and earnings. The model for schooling choice is assumed to be an ordered probit model, whereas the earnings equation contains variables that a