eCite Digital Repository

Transitions at different moments in time: a spatial probit approach


Elhorst, JP and Heijnen, P and Samarina, A and Jacobs, JPAM, Transitions at different moments in time: a spatial probit approach, Journal of Applied Econometrics, 32, (2) pp. 422-439. ISSN 0883-7252 (2017) [Refereed Article]

Copyright Statement

Copyright 2016 John Wiley & Sons, Ltd.

DOI: doi:10.1002/jae.2505


This paper adopts a spatial probit approach to explain interaction effects among cross-sectional units when the dependent variable takes the form of a binary response variable and transitions from state 0 to 1 occur at different moments in time. The model has two spatially lagged variables: one for units that are still in state 0 and one for units that had already transferred to state 1. The parameters are estimated on observations for those units that are still in state 0 at the start of the different time periods, whereas observations on units after they transferred to state 1 are discarded, just as in the literature on duration modeling. Furthermore, neighboring units that had not yet transferred may have a different impact from units that had already transferred. We illustrate our approach with an empirical study of the adoption of inflation targeting for a sample of 58 countries over the period 19852008. Copyright 2016 John Wiley & Sons, Ltd

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied economics
Research Field:Financial economics
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Fiscal policy
UTAS Author:Jacobs, JPAM (Associate Professor Jan Jacobs)
ID Code:106840
Year Published:2017 (online first 2016)
Web of Science® Times Cited:8
Deposited By:TSBE
Deposited On:2016-02-23
Last Modified:2017-10-25

Repository Staff Only: item control page