We propose a new nonlinear time series model of expected returns based on the dynamics of the cross-sectional rank of realized returns. We model the joint dynamics of a sharp jump in the cross-sectional rank and the asset return by analyzing (1) the marginal probability distribution of a jump in...

We consider estimation of the regression function in a semiparametric binary regression model defined through an appropriate link function (with emphasis on the logistic link) using likelihood-ratio based inversion. The dichotomous response variable [Delta] is influenced by a set of covariates...

In this article we define a class of estimators for a nonparametric regression model with the aim of reducing bias. The estimators in the class are obtained via a simple two-stage procedure. In the first stage, a potentially misspecified parametric model is estimated and in the second stage the...

In a developing country like India, the role of international trade is very significant. And, the relevance of export-led growth hypothesis in India has been the major issue of many empirical studies. But, the other aspect concerning the importance of imports in the economic growth of the...