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

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 163
Issue: C
Pages: 65-67

Authors (2)

Gørgens, Tue (not in RePEc) Hyslop, Dean (Motu: Economic)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:163:y:2018:i:c:p:65-67
Journal Field
General
Author Count
2
Added to Database
2026-02-02