Markov Switching heteroscedasticity model can capture this feature very well for all six countries, the modified Markov Switching heteroscedasticity model introduced here not only performs extremely well in modeling the volatility behavior of the growth r
Markov Switching heteroscedasticity model can capture this feature very well for all six countries, the modified Markov Switching heteroscedasticity model introduced here not only performs extremely well in modeling the volatility behavior of the growth r
为了能够同时刻划景气非线性、共同波动行为及景气波动的变异行为等三个特徵，我们进一步修正实证模型，并以台湾为例进行探讨。