[Limdep Nlogit List] Simultaneous equations with one ordered probit

[M Goergen]

Dear William

Thank you very much for your help with this. I shall have a look at the Rice et
al. paper.

All the best,

Marc


Quoting William Greene <wgreene at stern.nyu.edu>:

> Marc. You cannot use 3sls with an ordered probit model. The dependent
> variable is just a label for an outcome, not a quantitative measure.
> Also, chances are, you are using the textbook benchmarks for indentification
> of your model, which are also wrong because you have a discrete dependent
> variable.
> There is a recent paper in JAE by Rice, Contoyannis and Jones that deals
> with an endogenous ordered outcome variable that you might find useful.
> /Bill Greene
> 
> ----- Original Message -----
> From: "Marc Goergen" <m.goergen at sheffield.ac.uk>
> To: limdep at limdep.itls.usyd.edu.au
> Sent: Friday, June 13, 2008 4:25:50 AM (GMT-0500) America/Bogota
> Subject: [Limdep Nlogit List] Simultaneous equations with one ordered probit
> 
> Dear all
> 
>  
> 
> I would appreciate your help with the following. I would like to estimate a
> system of three equations using 3SLS. Two of the equations are linear
> regressions. The third regression is an ordered probit/logit. Is this
> something that can be done with Limdep?
> 
>  
> 
> Best wishes,
> 
>  
> 
> Marc Goergen
> 
>  
> 
>  
> 
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> 
> -- 
> Professor William Greene
> Department of Economics
> Stern School of Business
> New York University
> 44 West 4th St., Rm. 7-78
> New York, NY   10012
> http://www.stern.nyu.edu/~wgreene
> 212.998.0876
> 
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-- 
Prof. Marc Goergen
Sheffield University Management School (SUMS)
Sheffield University
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