Estimating dynamic binary choice models using irregularly spaced panel data

Maolong Chen, Robert J. Myers and Chaoran Hu

Economics Letters, 2020, vol. 192, issue C

Abstract: This paper investigates the irregular spacing problem when estimating dynamic binary choice models with panel data. We show that traditional approaches tend to underestimate the state dependence parameter. We propose a new gap dummy-variable estimator to improve estimation performance.

Keywords: Irregular spacing; Dynamic panel models; Binary choice (search for similar items in EconPapers)
JEL-codes: C13 C2 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301567

DOI: 10.1016/j.econlet.2020.109217

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