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A Monte Carlo EM algorithm for FIML estimation of multivariate endogenous switching models with censored and discrete responses
(Centro de Investigación y Docencia Económicas, División de Economía, 2008)
This article presents a Monte Carlo EM algorithm to estimate multivariate endogenous switching regression models with censored and/or discrete responses and heteroscedastic errors. Advantages of the algorithm include: (1) ...
Measuring the effects of working-land conservation programs on adoption of soil-erosion reducing practices and permanent vegetative cover
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
We use Maryland farm-level data to study the overall effect of voluntary conservation programs on permanent vegetative cover and the level of adoption of three soil-erosion reducing practices. In order to control for ...
Rating sub - national government debt in LDCs: does size matter?
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
In this paper we study the determinants of both the decision to be rated and the ratings for sub-national governments in a prominent LDC, Mexico. One of the main findings is that entity size does matter; as a matter of ...
Testing for information asymmetries in voluntary conservation contracts
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
We use data from a Maryland farm survey and a multivariate switching regression model with endogenous switching to investigate the effects of information asymmetries on conservation cost sharing contracts. Our estimations ...
FIML estimation of treatment effect models with endogenous selection and multiple censored responses via a Monte Carlo EM algorithm
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
We formulate a Monte Carlo EM algorithm to estimate treatment effect models involving multiple censored responses. The algorithm has at least three advantages with respect to traditional methods. First, it does not require ...
Análisis empírico simultáneo de los beneficios y el tamaño óptimo de las microempresas informales: evidencia para México
(Centro de Investigación y Docencia Económicas, División de Economía, 2008)
En este artículo utilizamos un modelo de tratamientos para estudiar
simultáneamente el efecto sobre los beneficios netos, capital y mano de
obra de una microempresa producto de moverse desde la informalidad a la
formalidad ...