The Specification of Dynamic Discrete-Time Two-State Panel Data Models

This paper compares two approaches to analyzing longitudinal discrete-time binary outcomes. Dynamic binary response models focus on state occupancy and typically specify low-order Markovian state dependence. Multi-spell duration models focus on transitions between states and typically allow for stat...

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Bibliographic Details
Main Authors: Tue Gørgens, Dean Robert Hyslop
Format: Article
Language:English
Published: MDPI AG 2018-12-01
Series:Econometrics
Subjects:
Online Access:http://www.mdpi.com/2225-1146/7/1/1