Limited-Dependent and Qualitative Variables in Econometrics

by G. S. Maddala

• ISBN13: 9780521241434
• ISBN10: 052124143X
• Format: Hardcover
• Copyright: 1983-03-31
• Publisher: Cambridge University Press

Summary

This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain ranges). Such variables are involved, for example, in models of occupational choice, choice of tenure in housing, and choice of type of schooling. Models with regulated prices and rationing, and models for program evaluation, also represent areas of application for the techniques presented by the author.

Table of Contents

Preface

1. Introduction

2. Discrete regression models

3. Probabilistic-choice models

4. Discriminant analysis

5. Multivariate qualitative variables

6. Censored and truncated regression models

7. Simultaneous-equations models with truncated and censored variables

8. Two-stage estimation methods

9. Models with self-selectivity

10. Disequilibrium models

11. Some applications: unions and wages

Appendix: Some results on truncated distributions

Bibliography

Index.