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
Frei zugängliche Version: (econstor)
http://hdl.handle.net/10419/18200