This paper extends the single equation regression model with the truncated dependent variable considered by Tobin [10] and Amemiya [1] to multivariate and simultaneous equation models and proposes a ...

Simultaneous close simultaneousHappening at the same time. equations are two or more equations that share variables close variableAn unknown value, usually represented by a letter like 𝒙 or ...

This is a preview. Log in through your library . Journal Information The International Economic Review was established in 1960 by two of the most active and acclaimed scholars in the economics ...