Since a Tobit is a maximum likelihood solution anyways, and your
system only has two equations, why not just run it as a bivariate
Tobit?
Peace,
Daniel Lawson
[email protected]
P.S. Do your two equations have the same censoring threshold?
On 26/05/05, Galina An <[email protected]> wrote:
> Dear Stata users,
> I was wondering if anybody has dealt with a system of simultaneous
> equations of the following type:
> y1 = f( y2, x1, x2,..)
> y2 = h(x1, x2, x3..)
> where y1 and y2 are both Tobit type?
>
> If I manually run 2 stages how can I correct standard errors?
>
> Galina
>
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