Panel data subject to heterogeneity in both cross-sectional and time-serial directions are commonly encountered across social and scientific fields. To address this problem, we propose a class of time-varying panel data models with individual-specific regression coefficients and interactive...

This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that the current loan-to-value ratio (CLTV) is the most important determinant of LGD. This paper establishes another linkage which is between the house price cycles before the time of...

This article decodes the political and economic intention of leading official scholars of Chinese government based on the debt deflation theory Irving Fisher developed and how this theory help rescue the Chinese economy from the verge of turmoil. Then by excavating the annual reports of the...

We review inventories in mainland China by evaluating the trajectory of aggregate inventories in recent decades, and then modelling the relationship of inventories in some 300,000 manufacturers with respect to volume (using cost of goods sold), industry (using SIC codes), and geographical...

In this study, AlSiMgMnCu alloys with different Cu and Mg contents were processed by the high pressure die casting (HPDC) technics. The phase formation and their microstructure evolution are quantitatively studied by serial block-face scanning electron microscopy (SBFSEM) at nano-scale in...

Sulfur hexafluoride (SF6) is commonly used as an insulating medium for high-voltage electrical equipment. However, SF6 is also a greenhouse gas, which escapes into the atmosphere during use, so its emissions represent a serious environmental threat. Therefore, the capture and recovery of SF6 gas...

While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries – India, Nepal, and Sri Lanka – can build on their existing production capabilities; others – Bangladesh, Bhutan, and the Maldives – would need to undertake a more...

While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries – India, Nepal, and Sri Lanka – can build on their existing production capabilities; others – Bangladesh, Bhutan, and the Maldives – would need to undertake a more...

In this paper, we study a nonlinear panel data model with time-varying regression coefficients associated with an additive factor structure. In our model, factor loadings are unknown functions of observable variables which can capture time-varying and heterogeneous covariate information. A...

In this paper, we investigate binary response models for heterogeneous panel data with interactive fixed effects by allowing both the cross sectional dimension and the temporal dimension to diverge. From a practical point of view, the proposed framework can be applied to predict the probability...