Equivalent representations of discrete-time two-state panel data models

Tue Gorgens and Dean Hyslop

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: There are two common approaches to analyzing discrete-time two-state panel data. One focuses on modeling the determinants of state occupancy, the other on modeling the determinants of transition between states. This note shows that there are one-to-one correspondences between the two representations, between the two probability distributions in an unrestricted context, and between low-order Markov models of state occupancy and semi-Markov models of transition between states with strictly limited duration dependence.

Keywords: Panel data; binary response; dynamic models (search for similar items in EconPapers)
JEL-codes: C33 C35 C41 (search for similar items in EconPapers)
Date: 2017-10
New Economics Papers: this item is included in nep-ecm and nep-ore
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Journal Article: Equivalent representations of discrete-time two-state panel data models (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2017-654

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