On the appropriateness of endogenous switching

This study argues that there has been confusion in the econometrics literature over switching regression models with endogenous switching, and that this confusion can cause serious interpretation problems when the model is employed in applied work.

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Bibliographic Details
Published in:Journal of econometrics 1981-06, Vol.16 (2), p.249-256
Main Authors: Poirier, Dale J., Ruud, Paul A.
Format: Article
Language:English
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Description
Summary:This study argues that there has been confusion in the econometrics literature over switching regression models with endogenous switching, and that this confusion can cause serious interpretation problems when the model is employed in applied work.
ISSN:0304-4076
1872-6895
DOI:10.1016/0304-4076(81)90111-1