Teräsvirta, Timo - Economics Institute for Research (SIR), … - 2005
of Economics
Box 6501, SE-113 83 Stockholm, Sweden
SSE/EFI Working Paper Series in Economics and Finance
No. 598
December … shortcomings in this work.
1
1 Introduction
In recent years, nonlinear models have become more common in empirical
economics than … processes such as chaotic ones. This is motivated by the
fact that chaos is a less useful concept in economics than it is in …