Serially correlated variables in dynamic, discrete choice models

Authors
Stinebrickner, TR
Citation
Tr. Stinebrickner, Serially correlated variables in dynamic, discrete choice models, J APPL ECON, 15(6), 2000, pp. 595-624
Citations number
22
Categorie Soggetti
Economics
Journal title
JOURNAL OF APPLIED ECONOMETRICS
ISSN journal
08837252 → ACNP
Volume
15
Issue
6
Year of publication
2000
Pages
595 - 624
Database
ISI
SICI code
0883-7252(200011/12)15:6<595:SCVIDD>2.0.ZU;2-#
Abstract
This paper discusses the problems that are encountered when dynamic, discre te choice models are specified with continuous, serially correlated state v ariables. A variety of approximation methods that can deal with these probl ems is examined, and an empirical example that allows continuous variables to be serially correlated is presented. Copyright (C) 2000 John Wiley & Son s, Ltd.