Arbeitspapier
A causal interpretation of extensive and intensive margin effects in generalized tobit models
The usual decomposition of effects in corner solution models into extensive and intensive margins is generally incompatible with a causal interpretation. This paper proposes a decomposition based on the joint distribution of potential outcomes which is meaningful in a causal sense. The difference between decompositions can be substantial and yield diametrically opposed results, as shown in a standard Tobit model example. In a generalized Tobit application exploring the effect of reducing firm entry regulation on bilateral trade flows between countries, estimates suggest that using the usual decomposition would overstate the contribution of the extensive margin by around 15%.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 1012
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
Multiple or Simultaneous Equation Models: Truncated and Censored Models; Switching Regression Models
Empirical Studies of Trade
- Thema
-
limited dependent variables
potential outcomes
causality
conditional-on-positives effect
Tobit
two-part model
country margins of trade
Diskrete Entscheidung
Nutzenfunktion
Willingness to pay
Modellierung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Staub, Kevin E.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Socioeconomic Institute
- (wo)
-
Zurich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Staub, Kevin E.
- University of Zurich, Socioeconomic Institute
Entstanden
- 2010
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