Estimating and testing linear models with multiple structural changes[PDF] from nyu.eduJ Bai… - Econometrica, 1998 - JSTOR
This paper considers issues related to multiple structural changes, occurring at un- known
dates, in the linear regression model estimated by least squares. The main aspects are the properties
of the estimators, including the estimates of the break dates, and the construction of tests ...
Cited by 1580 - Related articles - Library Search - BL Direct - All 13 versions
Computation and analysis of multiple structural change models[PDF] from umontreal.caJ Bai… - Journal of Applied Econometrics, 2003 - Wiley Online Library
In a recent paper, Bai and Perron (1998) considered theoretical issues related to the limiting
distribution of estimators and test statistics in the linear model with multiple structural
changes. In this companion paper, we consider practical issues for the empirical ...
Cited by 1022 - Related articles - Library Search - BL Direct - All 22 versions
Determining the number of factors in approximate factor models[PDF] from bc.eduJ Bai… - Econometrica, 2002 - JSTOR
In this paper we develop some econometric theory for factor models of large dimen- sions. The
focus is the determination of the number of factors (r), which is an unresolved issue in the rapidly
growing literature on multifactor models. We first establish the con- vergence rate for the ...
Cited by 971 - Related articles - BL Direct - All 26 versions
Income inequality is not harmful for growth: theory and evidence
…, H Zou - Review of Development Economics, 1998 - Wiley Online Library
This paper reexamines the relationship between income distribution and economic growth. We
consider a more general theoretical framework than Alesina and Rodrik (1994) by dividing government
spending into production services and consumption ser- vices—the former enter the ...