Titlebook: Recent Advances in Estimating Nonlinear Models; With Applications in Jun Ma,Mark Wohar Book 2014 Springer Science+Business Media New York 2

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ment for graduate students and researchers working with timeNonlinear models have been used extensively in the areas of economics and finance. Recent literature on the topic has shown that a large number of series exhibit nonlinear dynamics as opposed to the alternative--linear dynamics. Incorporati

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Diffusion Index Model Specification and Estimation Using Mixed Frequency Datasets,ecent specification and estimation methods are outlined, and an empirical illustration is provided wherein U.S. unemployment forecasts are constructed using both classical principal components-based diffusion indexes and a combination of diffusion indexes and factors formed using small mixed frequen

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Has Wealth Effect Changed Over Time? Evidence from Four Industrial Countries,trial countries: Canada, Germany, the UK, and the USA. We also examine whether wealth effect in these countries has changed over time. Our results indicate that the USA and the Canadian economy have become more sensitive to wealth changes in the recent time period. We find that for each dollar incre

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A Simple Specification Procedure for the Transition Function in Persistent Nonlinear Time Series Moprocedure is based on auxiliary regressions of unit root tests and is applicable to a variety of transition functions. In contrast to other procedures, complicated and computer-intense estimation of the candidate models is not necessary. Our approach entirely relies on OLS estimation of auxiliary re

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The Global Joint Distribution of Income and Health, of income and life expectancy separately. More importantly, we consider income and life expectancy jointly and estimate their joint global distribution for 137 countries during 1970–2000. We reach several conclusions: the global joint distribution has evolved from a bimodal into a unimodal one, the

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Jared Levant,Jun Ma,Mark E. Woharnability of pension systems is addressed by current pension reforms, lower benefit levels are projected. In this scenario, households may want to consider supplementing their public pension income. As their own residence is on average their most valuable asset, its transformation to income can be on

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