A Generalized Logistic Tobit Model

Tim R. L. Fry

No 267148, Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: This paper proposes the use of a generalisation of the Logistic distribution, the Burr Type II distribution, as the error structure in a Type I (Standard) Tobit model. The use of the Burr II is motivated through both an heterogeneity argument and by noticing the need for potentially non-symmetric distributions in Tobit models. Tests for symmetry (the Logistic distribution) and its implied heterogeneity are also proposed. Finally the model is estimated using Australian data on alcohol expenditure.

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 19
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Persistent link: https://EconPapers.repec.org/RePEc:ags:monebs:267148

DOI: 10.22004/ag.econ.267148

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