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Tests of the Specification of Univariate and Bivariate Ordered Probit

J. Butler and Patrali Chatterjee

The Review of Economics and Statistics, 1997, vol. 79, issue 2, 343-347

Abstract: This note presents tests of the specification of univariate and bivariate ordered probit. The test is sensitive to deviations from either normality or the exogeneity of the explanatory variables. As an example, the ownership of dogs and televisions, both sources of time-intensive entertainment, is studied. The specification for dogs is not rejected, the specification for televisions is rejected at the 2.0% level, and the specification of both together is rejected at the 1.3% level. © 1997 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

Date: 1997
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The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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