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

dc.contributor.authorGorgens, Tue
dc.contributor.authorHyslop, Dean
dc.date.accessioned2018-01-11T03:33:23Z
dc.date.issued2018
dc.description.abstractThere 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.en_AU
dc.description.sponsorshipTue Gorgens' research was supported in part by Australian Research Council Grant DP1096862. Dean Hyslop’s research was supported in part by the Royal Society of New Zealand Marsden Fund Grant MEP1301.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0165-1765en_AU
dc.identifier.urihttp://hdl.handle.net/1885/139170
dc.provenancehttp://www.sherpa.ac.uk/romeo/issn/0165-1765/..."Author's post-print on open access repository after an embargo period of between 12 months and 48 months" from SHERPA/RoMEO site (as at 11/01/18).
dc.publisherElsevieren_AU
dc.relationhttp://purl.org/au-research/grants/arc/DP1096862en_AU
dc.rights© 2017 Elsevier B.V.en_AU
dc.sourceEconomics Lettersen_AU
dc.subjectPanel dataen_AU
dc.subjectBinary responseen_AU
dc.subjectDynamic modelsen_AU
dc.titleEquivalent representations of discrete-time two-state panel data modelsen_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.lastpage67en_AU
local.bibliographicCitation.startpage65en_AU
local.contributor.affiliationGørgens, T., Research School Economics, The Australian National Universityen_AU
local.contributor.authoruidu4033205en_AU
local.identifier.citationvolume163en_AU
local.identifier.doi10.1016/j.econlet.2017.12.003en_AU
local.publisher.urlhttps://www.elsevier.com/en_AU
local.type.statusAccepted Versionen_AU

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