Mixed Markov transition probabilities can be used to implement estimation and testing procedures for between-group homogeneity and within-group mobility measures. The aim of this note is to examine the procedure for obtaining a Markov matrix and mobility measures, and to assess their statistical properties. The methodology is then applied to study TFP dynamics in a sample of European firms with the aim of detecting persistence and differences by firm size.
A note on mobility measures in mixed Markov processes: an application to firm-level productivity
Bertarelli, Silvia
Primo
2024
Abstract
Mixed Markov transition probabilities can be used to implement estimation and testing procedures for between-group homogeneity and within-group mobility measures. The aim of this note is to examine the procedure for obtaining a Markov matrix and mobility measures, and to assess their statistical properties. The methodology is then applied to study TFP dynamics in a sample of European firms with the aim of detecting persistence and differences by firm size.File in questo prodotto:
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