Palgrave Handbook of Econometrics: Applied Econometrics

507

Probit:RE

d

(^2) ρ
=0.44799
β (ME)
−
16279.97
0.033290
0.020078(0.00715)
−
0.002973
(−
0.00106)
−
0.153579
(−
0.0547)
−
0.033489
(−
0.0119)
0.016826(0.00599)
St.Er.
0.063229
0.000901
0.052012
0.020286
0.003931
0.022771
ProbitF.E.(U)
β (ME)
−
9453.71
0.062528(0.0239)
−
0.034328
(−
0.0132)
−
0.048270
(−
0.0185)
−
0.072189
(−
0.0277)
−
0.032774
(−
0.0126)
St.Er.
0.004322
0.10745
0.044559
0.040731
0.063627
aUnconditional fixed effects estimator.b
Conditional fixed effects estimator.
cButler and Moffitt estimator.d
Maximum simulated likelihood estimator.
eRobust, “cluster” corrected standard error.