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st: Wald test in IV Tobit
From
"Lamla, Bettina" <[email protected]>
To
"[email protected]" <[email protected]>
Subject
st: Wald test in IV Tobit
Date
Fri, 6 May 2011 17:31:28 +0200
Hi everyone,
I estimate a Tobit model using instruments.
I am not sure how to interpret the Wald test of exogeneity (see below). I searched the archive but I am still not entirely sure about the interpretation. You have my apologies for repeating the question here!
Tobit model with endogenous regressors Number of obs = 4793
(I omit the output)
Instrumented: net_worth_ratio
Instruments: age agesq college_degree abitur_fachhoch realschule
have_children positive_expectations male household_size
married employed self_employed west_germany home_owner
year_dummy3 year_dummy4 lag_net_worth_ratio
------------------------------------------------------------------------------
Wald test of exogeneity (/alpha = 0): chi2(1) = 0.94 Prob > chi2 = 0.3330
Thanks in advance!
Best
Bettina
Rheinisch-Westfälisches Institut für Wirtschaftsforschung e.V. (RWI)
Hohenzollernstr. 1-3
D-45128 Essen
Phone: +49-201-8149-0
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