Estimating the Effects of Credit Constraints on Productivity of Peruvian Agriculture

This paper proposes an estimator for the endogenous switching regression models with fixed effects. The estimator allows for endogenous selection and for conditional heteroscedasticity in the outcome equation. Applying the estimator to a dataset on the productivity in agriculture substantially changes the conclusions compared to earlier analysis of the same dataset. This paper proposes an estimator for the endogenous switching re-gression models with fixed effects. The estimator allows for endogenous selection and for conditional heteroscedasticity in the outcome equation. Applying the estimator to a dataset on the productivity in agriculture substantially changes the conclusions compared to earlier analysis of the same dataset.

Bibliographic Details

Main Authors:	Woutersen, Tiemen, Khandker, Shahidur R.
Language:	English en_US
Published:	World Bank, Washington, DC 2013-10
Subjects:	AGRICULTURE, BINARY CHOICE, COVARIANCE MATRIX, CULTURAL CHANGE, DEGREES OF FREEDOM, DEVELOPMENT POLICY, DISCUSSIONS, DISEQUILIBRIUM, ECONOMETRIC THEORY, ECONOMETRICS, ECONOMIC DEVELOPMENT, ECONOMICS, EMAIL ADDRESS, ENDOGENOUS REGRESSORS, ERROR, ERROR TERM, ERROR TERMS, EXOGENOUS REGRESSORS, FIXED EFFECTS, FUTURE RESEARCH, HYPOTHESIS TESTING, IDEAS, INCOME, JOURNAL OF ECONOMETRICS, LABOR SUPPLY, LABOUR, LIMITED DEPENDENT VARIABLES, OPEN ACCESS, PANEL DATA, PANEL DATA MODELS, PERIOD T, PRIVATE SECTORS, PRODUCTIVITY, PRODUCTIVITY INCREASES, QUASI MAXIMUM LIKELIHOOD, QUASI MAXIMUM LIKELIHOOD ESTIMATOR, RANDOM EFFECTS, REGRESSION MODEL, RESULT, RESULTS, SELECTION MODEL, STANDARD ERRORS, STEP ESTIMATOR, TIME PERIOD, TIME SERIES, TRANSACTION, VARIANCE-COVARIANCE MATRIX, WAGE RATES,
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18405278/estimating-effects-credit-constraints-productivity-peruvian-agriculture https://hdl.handle.net/10986/16876
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