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Simulation estimation of dynamic discrete choice panel models with accelerated importance samplers

โœ Scribed by Wei Zhang; Lung-fei Lee


Book ID
110879969
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
207 KB
Volume
7
Category
Article
ISSN
1368-4221

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โœ Sheng-Kai Chang ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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