这个exit的定义还是有问题。这里把exit定义成1 如果当年是最后一年。但是在opreg的help里面:
“ exit(varname) specifies a variable coded 0/1, where at time t for firm i, varname_it equals 1 if the firm exited at the beginning of that period and zero otherwise.”
在ado file 里面,probit 也是exit 对滞后项做。