(Requires calculus) (i) Suppose in the Tobit model that x1 = log(z1), and this is the only...
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(i) Suppose in the Tobit model that x1 = log(z1), and this is the only place z1 appears in x. Shows that
Where β1 is the coefficient on log(z1).
(ii) If x1 = z1, and x2 = z21, show that
Where β1 is the coefficient on z1 and β2 is the coefficient on z21.
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Related Book For
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
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