usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of …

This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than … estimates of the migration function. Out-of-sample forecasting results indicate the following: (i) the standard fixed effects … variables estimators, (iv) forecasting performance of heterogenous estimators is mediocre in our data set. …

even more pronounced at longer forecasting horizons (the forecast accuracy gain as measured by the root mean squared … spatial dependence structure into regional forecasting models, especially, when long-term forecasts are made. …

shown that effect of accounting for spatial dependence is even more pronounced at longer forecasting horizons (the forecast …

-of-sample forecasting accuracy by the Diebold-Mariano (DM) test with several metrics. The predictive information is fundamental for the risk …

-of-sample forecasting accuracy by the Diebold-Mariano (DM) test with several metrics. The predictive information is fundamental for the risk …

shown that effect of accounting for spatial dependence is even more pronounced at longer forecasting horizons (the forecast …-year horizon). -- Chinese provinces ; forecasting ; dynamic panel model ; spatial autocorrelation ; group-specific spatial …

longer forecasting horizons (the forecast accuracy gain as measured by the root mean squared forecast error is about 8% at …