In the present paper a mixed approach is proposed for the simulta neously estimation of regression and correlation structure parameters in multivariate probit models using generalized estimating equations for the former and pseudo score equations for the latter The nite sample proper ties of the corresponding estimators are compared to estimators proposed by Qu Williams Beck and Medendorp and Q...

This paper investigates factors affecting the demand for marijuana, cocaine and heroin in Australia using micro-unit data from a national survey. Accounting for cross-commodity correlation potentially induced by unobserved personal characteristics such as tastes and addictive personalities, we estimate a trivariate probit model where the participation decisions for all drugs are jointly modelle...

In the present paper a mixed approach is proposed for the simultaneously estimation of regression and correlation structure parameters in multivariate probit models using generalized estimating equations for the former and pseudo-score equations for the latter. The nite sample properties of the corresponding estimators are compared to estimators proposed by Qu, Williams, Beck and Medendorp (199...

Since it is common among households to use more than one form of microinsurance, this paper estimates the uptake of different kinds of microinsurance by the same population. We use a multivariate probit model, which examines the participation in the different forms of insurance simultaneously. By doing this, we can establish whether participation patterns in different types of microinsurance op...

I estimate a multivariate probit model to identify key variables that are predictive of banking crises. To add to the literature on this subject, I focus on the role played by unofficial dollarization of domestic banking systems. Unofficial dollarization is a source of vulnerability for emerging markets as large depreciations render both domestic firms and banks unable to pay dollar-denominated...

SUMMARY The development of adequate models for binary time series data with covariate adjustment has been an active research area in the last years. In the case, where interest is focused on marginal and association parameters, generalized estimating equations (GEE) (see for example Lipsitz, Laird and Harrington (1991) and Liang, Zeger and Qaqish (1992)) and likelihood (see for example Fitzmaur...

This paper provides a uni ed simulation-based Bayesian and non-Bayesian analysis of correlated binary data using the multivariate probit model. The posterior distribution is simulated by Markov chain Monte Carlo methods, and maximum likelihood estimates are obtained by a Monte Carlo version of the E-M algorithm. Computation of Bayes factors from the simulation output is also considered. The met...

Why do countries differ so much in the extent to which they adopt neo-liberal, marketoriented reform in their infrastructure industries? Building on world-society and neo-institutional theories in sociology, we argue that international pressures of coercion, normative emulation, and competitive mimicry strongly influence the domestic adoption of market-oriented reform. We consider the effect of...