Abstract
Consider a panel-data and state-dependent binary model. The coefficient associated with the past status is assumed to be a normally distributed random variable. The estimation of unknown parameters is investigated for both fixed and random initials. Simulation results for the random initial conditions and empirical results for the U.S. steel industry panel data are presented.
| Original language | English |
|---|---|
| Pages (from-to) | 2493-2505 |
| Number of pages | 13 |
| Journal | Communications in Statistics - Theory and Methods |
| Volume | 29 |
| Issue number | 11 |
| State | Published - 2000 |
Keywords
- Probit model
- Random coefficient