Search results for "tobit model"
showing 10 items of 13 documents
Evaluating the effect of organization and context on technical efficiency: a second-stage DEA analysis of Italian hospitals
2022
Objective: the purpose of this study was to compare the technical efficiency of Italian hospitals at a regional level and to examine if differences could be explained by organisational and contextual factors. Technical efficiency was defined as the ability of the operating units evaluated to use optimal resource levels for their level of output.Methods: the effect of external factors was explored through a second stage Data Envelopment Analysis (DEA). Efficiency scores were calculated for each hospital using the DEA method (Stage I). Through Tobit regression analysis, the estimated efficiency scores were regressed against a set of organisational and contextual characteristics beyond manager…
Impact des allocations en ressources sur l'efficacité des écoles primaires en Côte d'Ivoire
2011
The quality of primary education in Côte d'Ivoire has deteriorated sharply over the past three decades. This situation is the result of an approximate management of the education system, which is characterized by a lack of educational support, a misallocation of resources, a congestion of classrooms (42 students for a teacher in primary school) and a lack of skilled and well trained teachers. In addition, the military-political conflict in September 2002 did not allow to improve this situation; on the contrary, it has further deteriorated the situation. Thus, the aim of this thesis is first to analyze the influence of resource endowments on the effectiveness of primary schools in Cote d'Ivo…
Bioenergy chain building: a collective action perspective
2014
Depletion of natural resources has become a key issue on the European policy agenda. Bottom-up measures have emerged in several countries with a view to promoting awareness campaigns and environmental sustainability, with the agenda set by individuals who start up collective initiatives at the local level. Such collective action provides an incentive to free-ride on the contribution of others. Social norms and the consequent behavior of individuals involved in collective action assume a key role in ensuring sustainable use of a public good, achieving significant, long-lasting success. The present study aims to ascertain which determinants most affect farmers’ willingness to contribute to co…
Valuing public acceptance of alternative-fuel buses using a Latent Class Tobit model: A case study in Valencia
2020
Abstract The introduction of hybrid electric technology for urban public transportation can be considered a valuable stepping stone to low-carbon mobility. Using the contingent valuation method, a sample of 427 respondents were asked about their willingness to pay for the air pollution reductions associated to a scenario of gradual introduction of hybrid electric buses in Valencia, Spain. Results show that 67% of the respondents are willing to pay extra for the adoption of this electric hybrid technology, being the mean willingness to pay € 0.33 per single bus fare. This would imply a 22% hypothetical increase in current bus fares and shows that public acceptance is critical for the success…
The Impact of Barriers on Export Behavior of a Developing Country Firms: Evidence from Tanzania
2012
The purpose of this paper is to identify main export barriers and to test empirically their impact on export behavior. A survey of 122 manufacturing firms was conducted in Tanzania between October 2008 and February 2009. The survey data were analyzed using factor analysis and the Tobit regression model. Factor analysis identified five significant barrier factors: lack of export market knowledge and information, export supply capacity constraints, inadequate export financing, inefficient regulatory framework, and poor infrastructure. The impact of the barriers on export behavior was then tested using the Tobit regression model. The results of the Tobit estimation indicated that the lack of e…
A flexible approach for modelling a proportion response variable: Loss given default
2016
Loss given default (LGD) is a proportion of a credit exposure that is lost if the obligor defaults on a loan. Response variable LGD contains values between 0 and 1 including both 0 and 1, where 0 means that the balance is fully recovered while 1 means total loss of exposure at default. This article addresses two alternative semi parametric approaches for modelling loss given default, which is measured on the interval [0,1]. The class of models are very flexible and can accommodate skewness and bimodal characteristics of LGD data. The dependence of the predictors of each of the parameters (of the proposed model distribution for LGD) on explanatory variables can be additive P-splines, regress…
Comparison of well-being of older adult choir singers and the general population in Finland: A case-control study
2016
Previous research suggests that singing in a choir as an older adult is associated with better quality of life (QOL). However, the degree to which sociodemographic variables and level of engagement in hobbies contribute to this relationship is largely unknown. The aim of the study was to compare quality of life (QOL) of older adult choir singers with a matched sample of older adults from the general population in Finland, taking into consideration sociodemographic variables, satisfaction with health, and level of engagement in hobbies. Case-control methods were used to match a sample of 109 older adult singers with a sample of 307 older adults from the general population. Tobit regression …
Job Satisfaction Determinants of Tertiary Graduates in Europe
2015
Abstract Factors affecting the job satisfaction of tertiary graduates are studied using recent data on 13 European countries from 2010–11. Special attention is given to differences between bachelors and masters. It is found that in many countries, master's degree decreases job satisfaction. Moreover, it never increases the job satisfaction of female employees. Masters are more sensitive than bachelors to career opportunities, variety in work and whether learning is required in the job; while bachelors are more sensitive to the risk of moving to a less interesting job and monetary compensation. Overeducation generally does not affect the job satisfaction of bachelors, but strongly decreases …
Modelling a proportion response variable using generalised additive models for location scale and shape
2015
In this paper two alternative approaches are proposed to model a response variable Y measured on the interval from zero to one, including both zero and one. The first proposed model employs a flexible four parameter distribution for 0 < Y < 1, for example a logit skew exponential power distribution, inflated by including point probabilities at 0 and 1. The second proposed model is a generalised Tobit model, obtained from a flexible four parameter distribution on (-infinity;+infinity), for example the skew exponential power distribution, by censoring below 0 and above 1. The proposed models are applied to a real data set and compared with current popular models.
Income inequality, fiscal stimuli and political (in)stability
2016
Using data for a large panel of countries, this paper investigates the role played by income inequality and fiscal stimuli episodes in shaping the likelihood of political stability. By means of Tobit estimations, we show that a rise in inequality increases the probability of government crises. However, such adverse distributional effect is reduced when expansionary or increasingly expansionary fiscal stimuli episodes or successful fiscal stimuli programs are put in place.