Econometric estimators for a truncated regression model are reviewed. For each estimator, the motivations, the key assumptions, the asymptotic distribution and estimates for the asymptotic variance matrix are presented; also a new estimator is suggested. We select five practical estimators among those, and compare them through a Monte Carlo study where the response variable is simulated but the covariates are drawn from a real data set. Some practical and computational issues are addressed as well.
|Number of pages||26|
|Publication status||Published - 1998 Jul|
ASJC Scopus subject areas
- Statistics and Probability
- Statistics, Probability and Uncertainty