Smooth Threshold Autoregressive models and Markov process: An application to the Lebanese GDP growth rate
This paper analyzes the evolution of the Lebanese GDP growth rate over the period 1970-2018 by estimating two kinds of switching models: The Smooth Transition Autoregressive (STAR) model and the model of the Markov process. These models show, on the one hand, asymmetries in the evolution of GDP grow...
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| Format: | Article |
| Language: | English |
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Econometric Research Association
2021-12-01
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| Series: | International Econometric Review |
| Subjects: | |
| Online Access: | http://www.era.org.tr/makaleler/791543.pdf |