Search Results - subject:"threshold eﬀects"

Robust Estimation and Inference for Threshold Models with Integrated Regressors

Chen, Haiqiang - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2013

This paper studies the robust estimation and inference of threshold models with integrated regres- sors. We derive the asymptotic distribution of the profiled least squares (LS) estimator under the diminishing threshold effect assumption that the size of the threshold effect converges to zero....

Persistent link: https://www.econbiz.de/10010678251

Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality

Egert, Balazs - CESifo - 2013

This paper puts the Reinhart-Rogoff dataset to a formal econometric testing to see whether public debt has a negative nonlinear effect on growth if public debt exceeds 90% of GDP. Using nonlinear threshold models, we show that the negative nonlinear relationship between debt and growth is very...

Persistent link: https://www.econbiz.de/10010631772

The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact

Egert, Balazs - CESifo - 2013

instability may be a result of threshold effects changing over time within countries and depending on economic conditions, not … effects or low estimated thresholds may not preclude the emergence of further threshold effects, especially as public debt … on economic performance kicking in at already fairly moderate public debt levels. Furthermore, the absence of threshold …

Persistent link: https://www.econbiz.de/10010659189

Robust estimation and inference for threshold models with integrated regressors

Chen, Haiqiang - 2013

Persistent link: https://www.econbiz.de/10009767269

Does too much finance harm economic growth?

Singh, Nirvikar; Law, Siong Hook - 2013

This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that there is a threshold effect in the finance-growth...

Persistent link: https://www.econbiz.de/10010195667