Artikel
Interpreting the Outcomes of two-part models
Interaction effects capture the impact of one explanatory variable x 1 on the marginal effect of another explanatory variable x 2. To explore interaction effects, the so-called interaction terms x 1 x 2 are typically included in estimation specifications. While in linear models the effect of a marginal change in the interaction term is equal to the interaction effect, this equality generally does not hold in nonlinear specifications (Ai and Norton, 2003). This article provides for a general derivation of marginal and interaction effects in both linear and nonlinear models and calculates the formulae of the marginal and interaction effects resulting from the Two-Part Model (2PM), a commonly employed censored regression model. Drawing on a survey of automobile use from Germany, we illustrate several subtleties inherent to the substantive interpretation of interaction effects gleaned from nonlinear models, such as the 2PM.
- Sprache
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Englisch
- Erschienen in
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Journal: Applied Economics Letters ; ISSN: 1466-4291 ; Volume: 19 ; Year: 2012 ; Issue: 10 ; Pages: 987-992 ; Abingdon: Taylor & Francis
- Klassifikation
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Wirtschaft
- Thema
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censored regression model
interaction terms
marginal and interaction effects
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Frondel, Manuel
Vance, Colin
- Ereignis
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Veröffentlichung
- (wer)
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Taylor & Francis
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
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Abingdon
- (wann)
-
2012
- DOI
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doi:10.1080/13504851.2011.610733
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Frondel, Manuel
- Vance, Colin
- Taylor & Francis
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2012
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