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—mainly RAS-type algorithms—cannot fully address this complexity adequately, since they are either tailored to handle certain … of RAS-type MRIO reconciliation approaches. ACIM’s was tested on the Eora model, and it was able to demonstrate improved …
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We introduce a high-dimensional structural time series model, where co-movement between the components is due to common factors. A two-step estimation strategy is presented, which is based on principal components in differences in a first step and state space methods in a second step. The...
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