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The linearity of the U.S. hog-corn cycle has been questioned by Chavas and Holt (1991). Even so, attempts have not been made to model the potential nonlinear dynamics in the hog-corn cycle by using regime-switching models. One popular alternative is Terasvirta's smooth transition autoregressive...
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The linearity of the U.S. hog corn cycle has been questioned by . Even so, attempts have not been made to model the potential nonlinear dynamics in the hog corn cycle by using regime-switching models. One popular alternative is smooth transition autoregressive (STAR) model, which assumes regime...
Persistent link: https://www.econbiz.de/10014059956