The aggregated structural-change model
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 1-10 |
| Journal / Publication | Economics Bulletin |
| Volume | 3 |
| Issue number | 2 |
| Publication status | Published - 10 Jan 2007 |
Link(s)
Abstract
Most of the existing structural-change models presume that the impact of a change is instantaneous and occurs at the same time for all individuals. In this paper, we develop a new structural-change model to measure the lag length between the time when an economic crisis breaks out and the time when the impact is transmitted to various economic sectors. Our model allows different transmission lags for individuals with heterogenous characteristics. Simulation results for the performance of the estimators are reported.
Research Area(s)
Bibliographic Note
Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).
Citation Format(s)
The aggregated structural-change model. / Chong, Terence Tai-Leung; Yan, Isabel Kit-Ming; Liu, Guoxin.
In: Economics Bulletin, Vol. 3, No. 2, 10.01.2007, p. 1-10.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
