rural households in nigeria are vulnerable to shock because of their limited capacity to make informed decision on secured coping strategies which is further aggravated by some households’ specific socio-economic characteristics. attempts were made to identify shocks being faced by households’ heads and coping strategies. multistage sampling technique was used to select 80 respondents and well ...

This paper examines the contributing factors to the increase in the numbers of divorced and separated mothers in Taiwan since the end of 1980s. In particular, it tests the hypothesis of women’s economic independence. Data from the Survey of Family Income and Expenditures is used; women’s potential earnings are used as the measure of their economic independence. A probit model is employed to exa...

We consider a binary probit model where the latent variable follow a Gaussian Markov Random Field (GMRF). Our main objective is to derive an efficient Gibbs sampler for the above model. For this purpose, we first review two Gibbs samplers available for the classical probit model with one latent variable. We find that the joint update of variables increases the rate of convergence. We use these ...

Data for discrete ordered random variables are often characterised by “excessive” zero observations. Traditional ordered probit models have limited capacity in explaining the preponderance of zero observations, especially when the zeros may relate to two distinct situations of non-participation and infrequent participation (or consumption), for example. We propose a zero-inflated ordered probit...

In this paper we have combined fundamental analysis and contingent claim analysis into a hybrid model of credit risk measurement. We have extended the standard Merton approach to estimate a new risk neutral distance to default metric, assuming a more complex capital structure, adjusting for dividend payments, introducing randomness to the default point and allowing a fractional recovery when de...

The ordered probit regression model is used to investigate domestic real estate brokers in Taiwan, in order to determine the factors affecting the listings of realtors and provide a reference for the domestic real estate brokerage market. Based on empirical analysis, this study found that the Wald Chi-Square of six independent variables reached a significance level of 5%, while the other two in...

Employing a probit, logit and gompit model this paper demonstrates that small firm development, represented by a group of structural, behavioral and performance variables determines regional location in Poland. The paper uses original data that samples the small firm stratum in two contrasting regions, Pomorskie and Lubelskie. The following variables were shown to be significantly correlated wi...