T his paper investigates the asymmetric behavior of inflation. We use logistic smooth transition autoregressive (LSTAR) model to characterize the regime-switching behavior of Iran’s monthly inflation during the period May 1990 to December 2013. We find that there is a triple relationship between the inflation level, its fluctuations and persistence. The findings imply that the behavi...

This paper studies the saving behavior of rural households in Vietnam from two aspects: volume of savings and methods of saving. Two econometric models are conducted, the first one is a panel data model, used to examine the determinants of household saving; and the second one is a multinomial logit model used to investigate how a household chooses the way to save. Both models are based on the l...

Abstract: Energy intensity is a measure of the energy efficiency of a nation’s economy. Many factors influence a country’s energy intensity. In this paper, however, we note the effective factors of energy intensity and decompose it by applying Logistic Smooth Transition Regression (LSTR) in Iran during the period 1980- 2013. The main factors are the ratio of the added value of se...

t his paper investigates the asymmetric behavior of inflation. we use logistic smooth transition autoregressive (lstar) model to characterize the regime-switching behavior of iran’s monthly inflation during the period may 1990 to december 2013. we find that there is a triple relationship between the inflation level, its fluctuations and persistence. the findings imply that the behavior of infla...

In this paper, I extend to a multiple-equation context the linearity, model selection, and model adequacy tests recently proposed for univariate Smooth Transition Regression models. Using this result, I examine the nonlinear forecasting power of the Conference Board Composite index of Leading Indicators to predict both output growth and the business-cycle phases of the U.S. economy in real time.

This paper assesses the relationship between trade openness and economic growth in Africa by accounting for heterogeneity of African countries. In addition, contributes to literature on nexus applying instrumental variable panel smooth transition regression, a methodology that accounts nonlinearity endogeneity two variables. The results empirical analysis reveal investment ratio is channel thro...