maximum likelihood estimation of the parameters in the model, we use an expectation maximization algorithm based on the state …

-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy’s steady state growth …

forecast combination literature, the effects of model and estimation uncertainty on forecast outcomes are examined by pooling …

forecast combination literature, the effects of model and estimation uncertainty on forecast outcomes are examined by pooling …