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README
DPTM
Dynamic Panel Multiple Threshold Model with Fixed Effects
Q1: Why you need to use it?
- The DPTM can supply the estimation and test for the dynamic panel threshold model with multiple thresholds while there is no software or tools can doing this.
- The DPTM is based on maximum likelihood (ML) estimation while most of dynamic panel threshold model used IVs or GMM, which brings a better performance and a more convenient in use.
- The DPTM is based on Markov Chain Monte Carlo (MCMC) method while most of threshold model are based grid search method, which brings a better performance and avoids the selection of step size of grid.
- The DPTM not only allows fixed effects, but also allows time trend term or time fixed effects, which is more suitable for reality and application.
- Various forms of threshold models are availableã
Q2: How can you use it?
Please see the specific example in Help Pages of functions in the DPTM.
Q3: How can you get it?
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Use âdevtools::install_github(âHujieBai/DPTMâ)â for installation.
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The R package available for local installation is âDPTM_x.x.x.tar.gz.â
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