Investigating Agricultural Production Relations across Bangladesh, India and Pakistan Using Vector Error Correction and Markov-Switching Models

A Comparison of Threshold Cointegration and Markov-Switching Vector Error Correction Models in Price Transmission Analysis

Asymmetric Effects of Monetary Policy and Business Cycles in Iran using Markov-switching Models

This paper investigates the asymmetric effects of monetary policy on economic growth over business cycles in Iran. Estimating the models using the Hamilton (1989) Markov-switching model and by employing the data for 1960-2012, the results well identify two regimes characterized as expansion and recession. Moreover, the results show that an expansionary monetary policy has a positive and statist...

Automated Estimation of Vector Error Correction Models

Model selection and associated issues of post-model selection inference present well known challenges in empirical econometric research. These modeling issues are manifest in all applied work but they are particularly acute in multivariate time series settings such as cointegrated systems where multiple interconnected decisions can materially a¤ect the form of the model and its interpretation. ...

Trade Relations between Pakistan and India

Optical Packet-Switching using Forward Error Correction

Optical networking technology has experienced remarkable advances in a short time, making it possible to build future Optical Networks that support bursty IP datagrams. This has resulted in numerous e orts to develop optical-burst switching WDM networks for the future Optical Network backbones. However, the optical domain lacks intelligence and cannot process the bursts, leading to increased bl...