This article studies the estimation of state space models whose parameters are switching endogenously between two regimes, depending on whether an autoregressive latent factor crosses some threshold level. Endogeneity stems from the sustained impacts of transition innovations on the latent...

In an era of unprecedented global challenges, the cultivation, attraction, and retention of original innovation talent have become critical determinants of national competitiveness and sustainable development. This study introduces a novel multi-agent original innovation talent ecosystem model...

Characteristics of families with a negative net worth are explored using data from the 1992 Survey of Consumer Finances. Life cycle theory is applied to predict which households have a negative net worth. Logit analysis showed that well educated young households who might expect increasing...