Hello,
I'm having problems running an panel ordered probit with
the dependent variable taking 7 different values. When I run reoprob as
follows,
reoprob defacto moneyvol reservesvol cpivol dreer domcredgdp capflowgdp
mmrate, i(idn)
Then the output includes only three cuts (as if the
dependent variable were to take only 4 different values) and the information
under the dependent variable "defacto" in the database
is actually changed to show this 4 different values instead of the previous
7.
Fitting constant-only model:
Iteration 0: log likelihood = -406.39502 (not concave)
Iteration 1: log likelihood = -320.79331 (not concave)
Iteration 2: log likelihood = -310.40243
Iteration
3: log likelihood = -307.83239
Iteration
4: log likelihood = -307.56176
Iteration
5: log likelihood = -307.56101
Iteration
6: log likelihood = -307.56101
Fitting full model:
Iteration 0: log likelihood = -255.70342 (not concave)
Iteration 1: log likelihood = -253.64088
rho >= 1,
set to rho = 0.99
Iteration 2: log likelihood =
-242.49376
Iteration 3: log likelihood =
-238.7427
Iteration 4: log likelihood =
-238.69746
Iteration 5: log likelihood =
-238.69739
Iteration 6: log likelihood =
-238.69739
Random Effects Ordered
Probit
Number of obs = 572
LR chi2(7) = 137.73
Log likelihood =
-238.69739
Prob > chi2 = 0.0000
------------------------------------------------------------------------------
defacto |
Coef. Std. Err.
z P>|z| [95% Conf. Interval]
-------------+----------------------------------------------------------------
eq1 |
moneyvol | .0057089
.0007771 7.35
0.000 .0041858 .0072319
reservesvol | -.0000425 6.02e-06
-7.05 0.000 -.0000543 -.0000307
cpivol | -.2543342
.0350169 -7.26 0.000
-.3229661 -.1857023
dreer | -.0024292 .0279572
-0.09 0.931 -.0572243
.0523658
domcredgdp | 3.953637
1.615001 2.45
0.014 .788294 7.118981
capflowgdp | .027498
.0159789 1.72
0.085 -.00382
.058816
mmrate |
.1334976 .0285318 4.68
0.000 .0775762 .1894189
-------------+----------------------------------------------------------------
_cut1 |
_cons | -3.627771
.3071293 -11.81 0.000
-4.229733 -3.025809
-------------+----------------------------------------------------------------
_cut2 |
_cons | -.6032875
.2261254 -2.67 0.008
-1.046485 -.1600899
-------------+----------------------------------------------------------------
_cut3 |
_cons |
.7434219 .2288611 3.25
0.001 .2948624 1.191981
-------------+----------------------------------------------------------------
rho |
_cons |
.7767968 .0432926 17.94
0.000 .6919448 .8616487
------------------------------------------------------------------------------
Any idea of what might be going on?
THANKS
julieta
