Hello Statalist,
Can you help me to get ride a problem which I am facing in Heckman two-step procedures by manually?
My problem is that I am running probit regression first, then finding inverse mills ratio (imr). I am using that imr as an independent variable for the second step OLS regression. I have no idea about that "rho" can be generated from that OLS regression. Because I have seen in one article "Credit Constraints and Distress Sales in Rural India: Evidence from Kalahandi District, Orissa", where the authors have found the rho from OLS regression. I am attaching the result table of that article for your perusal. here, my question is that is it possible to find the rho? if yes, then how to do it?
Can you help me to get ride a problem which I am facing in Heckman two-step procedures by manually?
My problem is that I am running probit regression first, then finding inverse mills ratio (imr). I am using that imr as an independent variable for the second step OLS regression. I have no idea about that "rho" can be generated from that OLS regression. Because I have seen in one article "Credit Constraints and Distress Sales in Rural India: Evidence from Kalahandi District, Orissa", where the authors have found the rho from OLS regression. I am attaching the result table of that article for your perusal. here, my question is that is it possible to find the rho? if yes, then how to do it?
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