Modern Econometric Modeling For Developing Economies IV

DescriptionModern Econometric ModeIIing for Developing Economies is designed to bridge the gap between theory and policy analysis by providing insights on how econometrics can be used to provide useful information to policy analysts and decision makers. Thus, this Volume four is expected to enable readers have an appreciation of emerging econometric techniques. The major focus of the book include: Threshold Autoregressive modelling (TAR), Smooth Transition Autoregressive ModeIIing (STAR), State Space Models, Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models and impact evaluation model. Furthermore, relevant algorithms are explored: GAPS application, MATLAB applications and DYNARE applications. As compared to the linear models, the non-linear time series model provides a much wider spectrum of possible dynamics for economic and financial time series data. Therefore the goal of this book is to give a thorough review on the development of the family of threshold models as well as application of the threshold autoregressive models (with its generalizations) to nonlinear dynamic economic problems.