A nonparametric test for path dependence in discrete panel data

This paper proposes a test for path dependence in discrete panel data based on a characterization of stochastic processes that are mixtures of Markov chains. This test is applied to European Community Household Panel data on employment histories. The data allow to reject the null of no path dependence in all subsamples considered.

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Year of publication:	2011
Authors:	Kasy, Maximilian
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 2, p. 172-175
Publisher:	Elsevier
Subject:	Path dependence \| Mixtures of Markov chains \| Nonparametric testing

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Type of publication:	Article
Classification:	C12 - Hypothesis Testing ; C14 - Semiparametric and Nonparametric Methods ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572167