In this paper we present a specification test for the Tobit model. Specifically, we test the Tobit model against the alternative of a two-part model in which one set of parameters determines the ...

Marc F. Bellemare, Christopher B. Barrett, An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia, American Journal of Agricultural Economics, Vol. 88, No. 2 (May, 2006), pp.