The methodology to be used in this paper is estimation of a threshold autoregressive (TAR) model. In this model deviations are random within a band defined by transactions costs and contract risk, and autoregressive towards the band outside it. The principal reference is Tchernykh (1998). These...

The methodology to be used in this paper is estimation of a threshold autoregressive (TAR) model. In this model deviations are random within a band defined by transactions costs and contract risk, and autoregressive towards the band outside it. The principal reference is Tchernykh (1998). These...

The rapid development of Pacific Asia over the past twenty years offers an excellent opportunity to analyze the dynamics of economic growth. Trade and Structural Change in Pacific Asia explores the nature and causes of changes that have occurred in the economic structure of Pacific Asia, the...