Schleer, Frauke - In: Econometrics : open access journal 3 (2015) 1, pp. 65-90
This paper focuses on finding starting-values for the estimation of Vector STAR models. Based on a Monte Carlo study … handle such an optimization problem sufficiently well. This result holds also for higher-dimensional Vector STAR models with … a slight edge for heuristic methods. For more complex Vector STAR models which require a multivariate search approach …