Serially correlated variables in dynamic, discrete choice models
β Scribed by Todd R. Stinebrickner
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 312 KB
- Volume
- 15
- Category
- Article
- ISSN
- 0883-7252
- DOI
- 10.1002/jae.578
No coin nor oath required. For personal study only.
β¦ Synopsis
Abstract
This paper discusses the problems that are encountered when dynamic, discrete choice models are specified with continuous, serially correlated state variables. A variety of approximation methods that can deal with these problems is examined, and an empirical example that allows continuous variables to be serially correlated is presented. Copyright Β© 2000 John Wiley & Sons, Ltd.
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