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st: How rho=1 or -1 should be interpreted?
When I run a bivariate probit model, I obtain rho=1 or
-1 under some specifications and rho is significantly
different from zero in some cases while rho is
statistically identical to zero in other cases.
How should I interpret these results?
I found a similar question in the archives but no one
seemed to have answered his question.
Thank you in advance.
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