And then I have to multiply the mfx...?...or just I have to read it
indipendently?
by the way many thanks
Ed
2009/7/2 Franken, Jason R. <[email protected]>:
> Ed,
>
> My understanding (from the publications I've seen applying a double hurdle model) is that you report the results for both probit and truncreg (see Katchova and Miranda cited below as an example). If you want marginal effects computed at the means, they can be obtained by following -probit- or -truncreg- commands with the -mfx- command.
>
> Best,
>
> Jason
>
> Katchova, A.L., M.J. Miranda. "TWO-STEP ECONOMETRIC ESTIMATION OF FARM CHARACTERISTICS AFFECTING MARKETING CONTRACT DECISIONS." American Journal of Agricultural Economics, 86,1(February 2004):88-102.
>
>
>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]] On Behalf Of Edoardo Di Porto
> Sent: Thursday, July 02, 2009 4:31 AM
> To: [email protected]
> Subject: st: How to deal with Double hurdles post estimation...
>
> I've estimated a double hurdle model (Cragg,1971) following the
> procedure explained in Mc Dowell et al.
> So with a combination of command...
> I've estimated a firts stage with "probit" and a second with a "truncreg"
> I've the same covariates in both the stage. The dependent variables
> are: a dummy in the first stage (of course)
> while in the second I've a real positive, Let's call it "Y".
> I get my estimates for betas in both the stages...but now I need to compute:
> a) the betas for the double hurdle model
> b) predict Y for the double hurdle model
> c) compute the elasticities Y/Xi for the double hurdle model.
>
> I guess that: a) it should be the sum of the betas in the first and
> second stage ("B1 from probit+B1 from truncreg"...is it true?)
> b) could be obtained predicting the probabilities at the first stage
> (predict xb) and multiplying those for the predicted values of Y.?..
> No idea for c)!...someone knows anything about it.
>
> Ed
>
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