A Hausman test for a dummy variable in probit
- 1 May 1998
- journal article
- research article
- Published by Taylor & Francis Ltd in Applied Economics Letters
- Vol. 5 (5), 321-323
- https://doi.org/10.1080/758524410
Abstract
A new Hausman test is presented for the exogeneity of a dummy variable in a probit model. It is very easy to implement because of the equivalence of the log likelihood functions for bivariate probit and recursive probit. The procedure is applied to a model of student loan default due to Knapp and Seaks (1992).Keywords
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