Simulation estimation of two-tiered dyna
โ
Sheng-Kai Chang
๐
Article
๐
2009
๐
John Wiley and Sons
๐
English
โ 141 KB
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