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- Title
TESTS OF THE SPECIFICATION OF UNIVARIATE AND BIVARIATE ORDERED PROBIT.
- Authors
Butler, J. S.; Chatterjee, Patrali
- Abstract
This note presents tests of the specification of univariate and bivariate ordered probit. The test is sensitive to deviations from either normality or the exogeneity of the explanatory variables. As an example, the ownership of dogs and televisions, both sources of time - intensive entertainment, is studied. The specification for dogs is not rejected, the specification for televisions is rejected at the 2.0% level, and the specification of both together is rejected at the 1.3% level.
- Subjects
PROBITS; ECONOMETRIC models; TELEVISION; BIOMATHEMATICS; DEVIATION (Statistics); MATHEMATICAL variables; EXOGENEITY (Econometrics)
- Publication
Review of Economics & Statistics, 1997, Vol 79, Issue 2, p343
- ISSN
0034-6535
- Publication type
Article
- DOI
10.1162/003465397556737