Non-stationary transition matrices: An overlooked issue in intra-distribution dynamics

被引：6

作者：

Hierro, Maria ^{[1
]}

Maza, Adolfo ^{[1
]}

机构：

[1] Univ Cantabria, Dept Econ, E-39005 Santander, Spain

来源：

ECONOMICS LETTERS | 2009年 / 103卷 / 02期

关键词：

Transition matrix; Stationarity; Chapman-Kolmogorov equation; EUROPEAN-UNION; REGIONAL MOBILITY; ECONOMIC-GROWTH; MARKOV-CHAINS; CONVERGENCE; POLARIZATION; DISPARITIES;

D O I：

10.1016/j.econlet.2009.02.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Previous papers dealing with the dynamics of income distributions have generally assumed stationary transition probabilities, effectively ruling out the possibility that intra-distribution dynamics change over time. This paper shows that the Chapman-Kolmogorov equation can be used to capture this added complexity. The paper also emphasizes that a test for stationarity should be carried out routinely because the stationarity assumption could lead to misleading conclusions. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：107 / 109

页数：3

共 19 条

[1] STATISTICAL-INFERENCE ABOUT MARKOV-CHAINS [J].