The Specification of Dynamic Discrete-Time Two-State Panel Data Models

Autor:	Tue Gørgens, Dean Robert Hyslop
Jazyk:	angličtina
Rok vydání:	2018
Předmět:	panel data transition data binary response duration analysis event history analysis dynamic models censored data initial conditions random effects Economics as a science HB71-74
Zdroj:	Econometrics, Vol 7, Iss 1, p 1 (2018)
Druh dokumentu:	article
ISSN:	2225-1146
DOI:	10.3390/econometrics7010001
Popis:	This paper compares two approaches to analyzing longitudinal discrete-time binary outcomes. Dynamic binary response models focus on state occupancy and typically specify low-order Markovian state dependence. Multi-spell duration models focus on transitions between states and typically allow for state-specific duration dependence. We show that the former implicitly impose strong and testable restrictions on the transition probabilities. In a case study of poverty transitions, we show that these restrictions are severely rejected against the more flexible multi-spell duration models.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/be8f2ceedbe24a419b964b299c53bc0c Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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