Serially correlated variables in dynamic, discrete choice models
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 © 2000 John Wiley & Sons, Ltd.
Year of publication: |
2000
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Authors: | Stinebrickner, Todd R. |
Published in: |
Journal of Applied Econometrics. - John Wiley & Sons, Ltd.. - Vol. 15.2000, 6, p. 595-624
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Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
freely available
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