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

Gorgens, Tue; Hyslop, Dean


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...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
Source: Economics Letters
DOI: 10.1016/j.econlet.2017.12.003
Access Rights: Open Access


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