New Taxonomies for Limited Dependent Variables Models

Erik Biorn and Knut Wangen

MPRA Paper from University Library of Munich, Germany

Abstract: We establish a `map' for describing a wide class of Limited Dependent Variables models much used in the econometric literature. The classification system, or language, is an extension of Amemiya's typology for tobit models and is intended to facilitate communication among researchers. The class is defined in relation to distributions of latent variables of an arbitrarily high dimension; the region of support can be divided into an arbitrary number of subsets, and the observation rules in each subset can be any combination of the observed, censored, and missing status. Consistent labeling is suggested at different levels of detail.

Keywords: Limited dependent variables; Latent variables; Censoring; Truncation; Missing observations (search for similar items in EconPapers)
JEL-codes: C24 C25 (search for similar items in EconPapers)
Date: 2012-07-17
New Economics Papers: this item is included in nep-ecm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41461

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