Degiannakis, Stavros - In: International Journal of Financial Studies : open … 3 (2015) 3, pp. 381-392
The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the … probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of … explanatory (economic and financial) variables regarding the state of the GDP growth. A contemporaneous, as well as a lagged …