A practical comparison of the bivariate probit and linear IV estimators

Richard C. Chiburis, Jishnu Das and Michael Lokshin

Economics Letters, 2012, vol. 117, issue 3, 762-766

Abstract: This paper compares asymptotic and finite sample properties of linear IV and bivariate probit in models with an endogenous binary treatment and binary outcome. The results provide guidance on the choice of model specification and help to explain large differences in the estimates depending on the specification chosen.

Keywords: Limited dependent variable; Dummy endogenous regressor; Treatment effects; Bootstrap; Goodness of fit (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (122)

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Working Paper: A practical comparison of the bivariate probit and linear IV estimators (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:762-766

DOI: 10.1016/j.econlet.2012.08.037

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