TESTS OF THE SPECIFICATION OF UNIVARIATE AND BIVARIATE ORDERED PROBIT

Authors
BUTLER JS CHATTERJEE P
Citation
Js. Butler et P. Chatterjee, TESTS OF THE SPECIFICATION OF UNIVARIATE AND BIVARIATE ORDERED PROBIT, Review of economics and statistics, 79(2), 1997, pp. 343-347
Citations number
10
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics
Journal title
Review of economics and statistics → ACNP
ISSN journal
00346535
Volume
79
Issue
2
Year of publication
1997
Pages
343 - 347
Database
ISI
SICI code
0034-6535(1997)79:2<343:TOTSOU>2.0.ZU;2-L
Abstract
This note presents tests of the specification of univariate and bivari ate ordered probit. The test is sensitive to deviations from either no rmality 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.