A Dynamic Factor Approach to Nonlinear Stability Analysis

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 fluctuation or chaos.

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Year of publication:	2004-08
Authors:	Shintani, Mototsugu
Institutions:	Vanderbilt University Department of Economics
Subject:	Chaos \| Dynamic Factor Model \| Lyapunov Exponents \| Nonparametric Regression \| Principal Components

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Extent:	application/pdf
Series:	Vanderbilt University Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0418
Classification:	C14 - Semiparametric and Nonparametric Methods ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005595890