Transcription of Applied Econometrics Lecture 10: Binary Choice …
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Applied Econometrics Lecture 10: Binary Choice …
Applied EconometricsLecture 10: Binary Choice ModelsM ns S derbom 22 September 2009 University of Gothenburg. IntroductionThe methods discussed thus far in the course are well suited for modelling a acontinuous,quantitativevariable - economic growth, the log of value-added or output, the log of earnings economic phenomena of interest, however, concern variables that are not continuous or perhapsnot even quantitative. What characteristics ( parental) a ect the likelihood that an individual obtains a higher degree? What determines labour force participation (employed vs not employed)? What factors drive the incidence of civil war?Today we will discussbinary Choice models. These are central models in Applied Binary Choice models are useful when our outcome variable of interest is Binary - a commonsituation in Applied work. Moreover, the Binary Choice model is often used as aningredientin othermodels.
Applied Econometrics Lecture 10: Binary Choice Models Måns Söderbom 22 September 2009 University of Gothenburg. mans.soderbom@economics.gu.se. www.economics.gu.se/soderbom. www.soderbom.net
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