This paper concerns segmented multivariate regression models, models which have different linear forms in different subdomains of the domain of an independent variable. Without knowing that number and their boundaries, we first estimate the number of these subdomains using a modified Schwarz criterion. The estimated number of regions proves to be weakly consistent under fairly general condition...

Article history: Received 18 November 2013 Received in revised form 26 August 2014 Accepted 26 August 2014 Available online 7 September 2014 Extending Sadorsky (2010), this paper focuses on nonlinear effects of financial development and income on energy consumption. Utilizing five alternative measures of financial development, it employs a panel threshold regression approach to reexamine the ef...

This paper assesses the impacts of decoupled government transfers on production decisions of a sample of Kansas farms. Our empirical analysis is based upon a reduced-form application of the dual model of investment under uncertainty developed by Sckokai (2005), which is extended to a consideration of irregularities in the capital stock adjustment cost function. To do so we adopt the threshold r...

Using panel data we investigate the relationship between income inequality and economic development. We employ a threshold regression model that allows for endogenous income thresholds and find strong evidence of a two-regime split in our sample.  2000 Elsevier Science S.A. All rights reserved.

This paper investigates the relationship between electricity demand and temperature in the European Union. We address this issue by means of a panel threshold regression model on 15 European countries over the last two decades. Our results confirm the non linearity of the link between electricity consumption and temperature found in more limited geographical areas in previous studies. By distin...

This study constructs a panel threshold regression model to explore the price impact of foreign institutional herding of firms listed in the Taiwan Stock Exchange during January 2000 to June 2008. Our panel threshold model is constructed to explore the price impact of foreign institutional investors’ herding in the Taiwan stock market after controlling the firm size. By examining the presence o...

Contrary to previous empirical studies that find a linear link between economic conditions and presidential approval, this study argues for and finds a nonlinear relationship. A threshold regression is used to assess potential nonlinear relationships between macroeconomic variables and presidential popularity. A quarterly data analysis for the 1960Q1–2012Q2 time period reveals that domestic fac...

We study the fixed design segmented regression problem – a classical statistical inference task that encompasses several natural problems as a special case. Given noisy samples from a piecewise linear function f , we want to recover f up to a desired accuracy in mean-squared error. Previous rigorous approaches for this problem rely on dynamic programming (DP) and, while sample efficient, have r...

A segmented regression model for the description of microbial growth has been suggested. The model is able to predict the exponential growth, logistic growth, logistic growth with a phase of decline, diauxic growth, microbial growth in synchronous cultures and the oscillatory growth