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

Tue Gørgens and Dean Hyslop

Economics Letters, 2018, vol. 163, issue C, 65-67

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: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Equivalent representations of discrete-time two-state panel data models (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:163:y:2018:i:c:p:65-67

DOI: 10.1016/j.econlet.2017.12.003

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