Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods

Cragg, John G.

doi:10.2307/1909582

Cited by 2,230 publications

(1,710 citation statements)

References 6 publications

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“…This produces a simple version of the hurdle model [Cragg (1971)]. Estimation of this form of the model is quite simple, though again it requires estimation of the truncated regression model.…”

Section: Specification Analysismentioning

confidence: 99%

Censored Data and Truncated Distributions

Greene

2005

SSRN Journal

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Section: Specification Analysismentioning

confidence: 99%

Censored Data and Truncated Distributions

Greene

2005

SSRN Journal

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“…Since the determinants of the decision to hedge are likely to be different from the determinants of the extent of hedging I estimate a variant of the tobit model proposed by Cragg (1971). The estimation of this model is performed in two steps.…”

Section: Do Financial Constraints Affect If and How Much Firms Hedge?mentioning

confidence: 99%

Do Firms Use Derivatives to Reduce their Dependence on External Capital Markets?

Adam

2002

Review of Finance

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Abstract. This study investigates if the use of derivatives by corporations is likely to affect their financing strategies. I find a strong positive relation between the minimum revenue guaranteed by hedging and investment expenditures. This result implies that hedging increases the likelihood that investments can be financed internally. I also find that firms tend to finance their investment expenditures externally rather than internally. If external capital is more costly than internal capital it would clearly be in a firm's interest to reduce its dependence on external capital. Consistent with this result, I find that the median firm that does not hedge finances 100% of its investment expenditures externally, while the median firm that hedges finances only 86% of investments externally.

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“…The assumption of the Tobit model is that there is a latent variable Y * taking values on the real line and when Y * ≤ 0, the response Y is denoted as 0. Since then, there have been various generalisations of the Tobit model such as other works [15][16][17][18] and Heckman. 19 As the zeros are only on one side of the responses in the Tobit model, this model cannot be applied in the circular case directly.…”

Section: The Modelmentioning

confidence: 99%

Circular‐circular regression model with a spike at zero

Jha

Biswas

2017

Statistics in Medicine

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With reference to a real data on cataract surgery, we discuss the problem of zero-inflated circular-circular regression when both covariate and response are circular random variables and a large proportion of the responses are zeros. The regression model is proposed, and the estimation procedure for the parameters is discussed. Some relevant test procedures are also suggested. Simulation studies and real data analysis are performed to illustrate the applicability of the model.

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Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods

Cited by 2,230 publications

References 6 publications

Censored Data and Truncated Distributions

Censored Data and Truncated Distributions

Do Firms Use Derivatives to Reduce their Dependence on External Capital Markets?

Circular‐circular regression model with a spike at zero

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