A Dynamic Factor Approach to Nonlinear Stability Analysis ∗

نویسنده

  • Mototsugu Shintani
چکیده

A method of principal components is employed to investigate nonlinear dynamic factor structure using a large panel data. The evidence suggests the possibility of nonlinearity in the U.S. while it excludes the class of nonlinearity that can generate endogenous ßuctuation or chaos.

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تاریخ انتشار 2004