Stata The Stata listserver
[Date Prev][Date Next][Thread Prev][Thread Next][Date index][Thread index]

Re: st: xttobit with fixed effect???


From   Joseph Coveney <jcoveney@bigplanet.com>
To   Statalist <statalist@hsphsun2.harvard.edu>
Subject   Re: st: xttobit with fixed effect???
Date   Mon, 28 Jul 2003 22:36:01 +0900

David Reinstein asked whether there is a fixed-effect extension to -xttobit-.  
In responding, Steven Stillman mentioned that fixed-effects nonlinear models 
provide inconsistent parameter estimates.

If the list will tolerate a couple of na´ve questions:  not being an 
econometrician, I'm curious as to why a preference for fixed-effects models is 
often expressed for longitudinal data?  Is it because the number of panels in 
econometrics studies is sometimes too few to justify handling panels as a 
random effect?  If so, does it matter that a fixed-effect estimator is not 
consistent, since with a fixed-effect model, prediction and hypothesis testing 
are confined to the panels in the data in-hand?

Joseph Coveney




*
*   For searches and help try:
*   http://www.stata.com/support/faqs/res/findit.html
*   http://www.stata.com/support/statalist/faq
*   http://www.ats.ucla.edu/stat/stata/



© Copyright 1996–2014 StataCorp LP   |   Terms of use   |   Privacy   |   Contact us   |   What's new   |   Site index