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Published January 1986 | Published
Journal Article Open

Disequilibrium econometrics on micro data

Abstract

This paper brings some empirical evidence to the construction of a more disaggregated view of disequilibrium. Individual data on firms collected by INSEE through periodic Business Surveys are used to construct the distribution of firms over the four possible disequilibrium regimes. Then the behavior of this distribution over time is analyzed by estimating dynamic conditional logit models on panel data.

Additional Information

© 1986 The Society for Economic Analysis Limited. First version received January 1984; final version accepted July 1985 (Eds.) Support from DRGST 81-E-1303 is gratefully acknowledged. We are indebted to E. Malinvaud and B. Ottenwaelter for giving us access to the individual data collected by INSEE. We are grateful to two anonymous referees and G. Mizon for their remarks on a previous draft. Formerly SSWP 502.

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August 19, 2023
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