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a survey of unit root theory with an emphasis on testing principles and recent developments. The general framework … adopted makes it possible to consider tests of stochastic trends against trend stationarity and trend breaks of a general type … theory. Some simulation results are reported, and an extensive list of references and an annotated bibliography are provided. …
Persistent link: https://www.econbiz.de/10005593418
Classical and Bayesian unit root test procedures are reviewed, with an emphasis on testing principles and recent developments. A numerical illustration and annotated references and bibliography are provided. Classification-JEL: C22
Persistent link: https://www.econbiz.de/10005593489
This paper examines the proposition that the climatic shift has been responsible for creating adverse effects on economic growth, and the authors have analysed this situation for India. They consider the number of oceanic storms in the Indian Ocean and the annual mean temperature of India for...
Persistent link: https://www.econbiz.de/10011093667
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Trends are ubiquitous in economic discourse, play a role in much economic theory, and have been intensively studied in … theory about the source and nature of trend behavior, even less guidance about practical formulations, and are heavily …
Persistent link: https://www.econbiz.de/10008548961
Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We show evidence suggesting that uncertainty about the underlying stochastic process...
Persistent link: https://www.econbiz.de/10008876576
A method for assessing the degree of non-stationarity in annual wind speed records is presented. The method uses … quantitative tests on the wind speed records to assess the length of the period over which an assumption of stationarity in the … wind record can be considered to provide reasonable engineering accuracy. The tests evaluate stationarity in second moment …
Persistent link: https://www.econbiz.de/10011045279
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