Simultaneous Equations in Ordered Discrete Responses With Regressor-Dependent Thresholds  

Oleh:

Myoung-Jae, Lee ; Kimhi, Ayal

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Econometrics Journal vol. 8 no. 2 (2005), page 176-196.
Topik: EQUATIONS; identification; ordered discrete response; simultaneous equations
Fulltext: 176.pdf (169.07KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE39.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The parameters of ordered discrete response (ODR) models are identified only up to a positive scale. In this paper, we examine the identification issue for simultaneous equations with ODR, where the well - known identification problem in simultaneous equations of recovering structural-form parameters from reduced - form parameters is compounded with the ODR identification problem. We allow the thresholds in ODR to be regressor dependent as well as constant ; the former is particularly challenging because threshold parameters get mixed with regression parameters, adding one more dimension to the identification problem. We also explore a cross - equation restriction on threshold differences, under which the structural form parameters are fully identified as if the dependent variables are continuously distributed. An empirical example with farm - household joint labour supply is provided to illustrate the identification issues, to show how our proposals work and to apply tests devised for the threshold constancy and cross - equation restrictions.

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