Dynamic Panel Probit Models for Current Account Reversals and Their Efficient Estimation
نویسندگان
چکیده
منابع مشابه
Dynamic Panel Probit Models for Current Account Reversals and their Efficient Estimation
We use panel probit models with unobserved heterogeneity and serially correlated errors in order to analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The likelihood evaluation of these models requires high-dimensional integration for which we use a generic procedure known as Efficient Importance Sampling (EIS). Our empirical...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.988770