Testing for Regime Switching in Singaporean Business Cycles

    Research output: Contribution to journalArticle

    Abstract

    We examine a Markov-Switching model of Singaporean GDP using a combination of formal moment-based tests and informal graphical tests. The tests confirm that the Markov-Switching model fits the data better than a linear, autoregressive alternative. The methods are extended to allow us to identify precisely which features of the data are better captured by the nonlinear model. The methods described here allow model selection to be related to the intended use of the model.
    Original languageEnglish
    Pages (from-to)25-34
    JournalSingapore Economic Review
    Volume50
    Issue number1
    DOIs
    Publication statusPublished - 2005

    Fingerprint Dive into the research topics of 'Testing for Regime Switching in Singaporean Business Cycles'. Together they form a unique fingerprint.

    Cite this