Dear listers,
this is a rather econometric question.
In a panel setting, the Hausman test provides insight about the correlation of regressors with the individual level random effect. When I compare Random Effects and Fixed Effects Estimators, a low p-value tells me that such a correlation is probably present and hence RE inconsistent.
Now I consider to run a RE tobit estimation on the same model since I have a high proportion of zero observations in the dependent variable. Is this a bad idea when my previous Hausman Test told me that the RE assumption is probably not appropriate?
Best,
John.
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