BREUNIG, ROBERT; STEGMAN, ALISON - In: The Singapore Economic Review (SER) 50 (2005) 01, pp. 25-34
We examine a Markov-Switching model of Singaporean GDP using a combination of formal moment-based tests and informal graphical tests. The tests confirm that the Markov-Switching model fits the data better than a linear, autoregressive alternative. The methods are extended to allow us to identify...