The increase in the degree of openness economies has also increased resource transfers among countries. As seen example Feldstein-Horioka Hypothesis, this process allows countries to overcome problem insufficient existing resources with external resources. In study, it is examined how foreign direct investments, portfolio investments and other (or short long run debt flows), which are called sa...

This paper provides a robust statistical approach to nonstationary time series regression and inference. Fully modified extensions of traditional robust statistical procedures are developed that allow for endogeneities in the nonstation-ary regressors and serial dependence in the shocks that drive the regressors and the errors that appear in the equation being estimated. The suggested estima-to...

This paper develops a fully modified OLS estimator for cointegrating polynomial regressions, i.e. for regressions including deterministic variables, integrated processes and powers of integrated processes as explanatory variables and stationary errors. The errors are allowed to be serially correlated and the regressors are allowed to be endogenous. The paper thus extends the fully modified appr...

This paper proposes a semiparametrically modified OLS (SM-OLS) estimator and a semiparametrically modified IV (SM-IV) estimator via kernel method for linear cointegrating models when cointegrating equilibrium errors respond instantaneously to changes of the first-differenced integrated regressor in the linear cointegrating models. Both the proposed estimators are shown to have a mixed normal li...

In this paper, A variable step-size filtered-X LMS (VSS-FXLMS) algorithm is first introduced to replace the filtered-X LMS (FXLMS) algorithm in the main controller of conventional narrowband ANC system, and extensive simulations reveal that this ANC system may also suffer from significant performance degradation in the presence of Frequency mismatch (FM), although it acts better in the key char...