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A NOTE ON COMPUTATION OF THE DOUBLE‐HURDLE MODEL WITH DEPENDENCE WITH AN APPLICATION TO TOBACCO EXPENDITURE
Author(s) -
Jones Andrew M.
Publication year - 1992
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1992.tb00507.x
Subject(s) - economics , econometrics , sample (material) , computation , estimation , econometric model , mathematics , chemistry , management , algorithm , chromatography
This note shows how the sample likelihood of the full double‐hurdle model with dependence can be reformulated to allow estimation with standard econometric software. An illustrative example is provided, using data on tobacco expenditure by households in the 1984 UK Family Expenditure Survey.