Transition Modeling and Econometric Convergence Tests

A new panel data model is proposed to represent the behavior of economies in transition, allowing for a wide range of possible time paths and individual heterogeneity. The model has both common and individual specific components, and is formulated as a nonlinear time varying factor model. When appli...

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Bibliographic Details
Main Authors: PHILLIPS, Peter C. B., SUL, Donggyu
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
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Online Access:https://ink.library.smu.edu.sg/soe_research/60
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Institution: Singapore Management University
Language: English