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The linearity of the U.S. hog—corn cycle has been questioned by <xref ref-type="bibr" rid="R4">Chavas and Holt (1991)</xref>. Even so, attempts have not been made to model the potential nonlinear dynamics in the hog—corn cycle by using regime-switching models. One popular alternative is <xref ref-type="bibr" rid="R43">Teräsvirta's</xref> smooth transition...
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The "Antebellum Puzzle" has been the subject of comment since the 1980s. It involves the paradox that, although the American economy was experiencing rapid economic growth in the several decades prior to the Civil War (1861-1865), the stature of native-born white males had been declining for the...
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Between 1800 and 1860, mean adult stature of (U.S.) white males declined by nearly an inch, while real output grew substantially, creating the “Antebellum Puzzle.” In contrast, male slaves did not experience a comparable decrease in heights. To explain this puzzle within a puzzle, we show...
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