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Nonlinearity in dynamic adjustment: Semiparametric estimation of panel labor supply

โœ Scribed by Thomas J. Kniesner; Qi Li


Book ID
107706288
Publisher
Springer-Verlag
Year
2002
Tongue
English
Weight
163 KB
Volume
27
Category
Article
ISSN
0377-7332

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In this paper a computationally practical simulation estimator is proposed for the two-tiered dynamic panel Tobit model originally developed by Cragg (1971). The log-likelihood function simulated through procedures based on a recursive algorithm formulated by the Geweke-Hajivassiliou-Keane simulator