Çevik, Emrah; Atukeren, Erdal; Korkmaz, Turhan - In: Empirical Economics 45 (2013) 2, pp. 675-695
model and test whether the linear or the nonlinear regime-switching model provides a better characterization of the global … knowledge, our study is the first one in the literature to suggest that a nonlinear (Markov regime-switching) model provides a …