%0 Journal Article
%T The Specification of Dynamic Discrete-Time Two-State Panel Data Models
%A Dean Robert Hyslop
%A Tue G£¿rgens
%J -
%D 2019
%R https://doi.org/10.3390/econometrics7010001
%X Abstract 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 state-specific duration dependence. We show that the former implicitly impose strong and testable restrictions on the transition probabilities. In a case study of poverty transitions, we show that these restrictions are severely rejected against the more flexible multi-spell duration models. View Full-Tex
%K panel data
%K transition data
%K binary response
%K duration analysis
%K event history analysis
%K dynamic models
%K censored data
%K initial conditions
%K random effects
%U https://www.mdpi.com/2225-1146/7/1/1