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After long trailing the American development on tobacco control, Europe has seen a big wave of public place smoking … bans in the past five years, beginning when Ireland took the plunge and banned all smoking in workplaces in 2004. Inspired …, the main topic of debate is the question of banning smoking in bars and restaurants to protect employees and other …
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This paper tests for the presence of output mean and variance nonlinearities in international industrial production and UK and US sectoral production growth rates using ARMA-GQARCH, bilinear (BL) and joint BL-GQARCH models. ARMA-GQARCH models confirm the presence of asymmetric variance effects...
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