A limited information estimator for the multivariate ordinal probit model

• Published in: Applied economics Vol. 32; no. 14; pp. 1841 - 1851
• Main Authors: Fu, Tsu-Tan, Li, Lung-An, Lin, Yih-Ming, Kan, Kamhon
• Format: Journal Article
• Language: English
• Published: London Taylor & Francis Group 01.11.2000; Taylor and Francis Journals; Taylor & Francis Ltd
• Series: Applied Economics
• Subjects: Applied economics; Consumption; Economic behaviour; Economic models; Estimating techniques; Estimation; Modelling; Multivariate analysis; Studies

A limited information estimator for the multivariate ordinal probit model is developed. The main advantage of the estimator is that even for high dimensional models, the estimation procedure requires the evaluation of bivariate normal integrals only. The proposed estimator also avoids the potential...