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secon
2010 Nov 23
4
Tobit model on unbalanced panel
Appreciate any suggestions regarding how to fit an unbalanced panel data to
a Tobit model using R functions. I am trying to analyze how real estate
capital expenditures (CapEx) are affected by market conditions using a panel
Tobit model. The CapEx is either positive or 0, so it is censored. The data
are unbalanced panel, including the CapEx of about 5000 properties over
about 40 quarters, with the