MSTest: An R-Package for Testing Markov Switching Models

G Rodriguez-Rondon, JM Dufour - arxiv preprint arxiv:2411.08188, 2024 - arxiv.org
We present the R package MSTest, which implements hypothesis testing procedures to
identify the number of regimes in Markov switching models. These models have wide …

Testing the number of regimes in Markov regime switching models

H Kasahara, K Shimotsu - arxiv preprint arxiv:1801.06862, 2018 - arxiv.org
Markov regime switching models have been used in numerous empirical studies in
economics and finance. However, the asymptotic distribution of the likelihood ratio test …

Does purchasing power parity hold sometimes? Regime switching in real exchange rates

HT Lee, G Yoon - Applied Economics, 2013 - Taylor & Francis
Standard unit root tests are not very powerful in drawing conclusions regarding the validity of
Purchasing Power Parity (PPP). Rather than asking whether PPP holds throughout the …

[PDF][PDF] Has China's Economy Become More Stable and Inertial? Nonlinear Investigations Based on Structural Break and Duration Dependent Regime Switching …

A Hu, J Lu, Z **ao - Annals of Economics and Finance, 2011 - researchgate.net
In this study we use both the structural break model and duration dependent transition
model to study the characteristics of China's GDP growth from 1953 to 2009. The empirical …

Nonlinear investigations of China's agricultural transformation based on the structural break regime switching model

J Lu, A Hu, Y Yan - China Agricultural Economic Review, 2012 - emerald.com
Purpose–Investigating the characteristics of the transformation of China's agricultural growth
and the institutional reforms during the whole transition period in the 1980s will help to …