Hello all
I am trying to run bivariate probit. I have set up my data and equations to have at least one
variable in
equation 1 that is not in equation 2. After running the models, the estimate of rho is -1.
Can I understand that this means that error terms of two equations are highly
intercorrelated, since rho is not 0? thanks in advance for your help.
Younsung. Environmental Science and Policy, George Mason University
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