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Evaluation of a Pseudo-R2 Measure for Panel Probit Models

Discussion Papers 215, 7 S.

Martin Spiess

2000. Mai.

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A simulation study designed to evaluate the pseudo-R2 T proposed by Spiess and Keller (1999) suggests that this measure represents the goodness- of-fit not only of the systematic part, but also of the assumed correlation structure in binary panel probit models.

JEL-Classification: C23;C25
Keywords: Goodness-of-fit; Pseudo-R2; Panel probit model; Simulation study
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