Evidence on structural changes in U.S. time series

Jouini, Jamel; Boutahar, Mohamed

doi:10.1016/j.econmod.2004.06.003

Cited by 20 publications

(11 citation statements)

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“…Wang (2006) suggested the use of information criteria to jointly determine the number and the type of multiple structural changes. The empirical applications of the structural changes models can refer to Jouini and Boutahar (2005), Castillo-Manzano et al (2008), and Rao and Rao (2009). In this section, we discuss how the governance evolution of the road surface PT and subway systems, mentioned under ''Governance evolution of mass transit systems'' section, affected the development of the whole mass transit activity of Beijing from the structural changes analysis perspective used in the econometrics literature.…”

Section: Mass Public-transit System Analysismentioning

confidence: 99%

Mass transit systems of Beijing: governance evolution and analysis

Ceder

Gao

et al. 2010

Transportation

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Section: Mass Public-transit System Analysismentioning

confidence: 99%

Mass transit systems of Beijing: governance evolution and analysis

Ceder

Gao

et al. 2010

Transportation

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“…Differential models are often estimated with intercepts and other variables, including a number of transition functions designed to capture taste shifts and other structural changes into the intercepts of structural and vector autoregressive demand models (e.g., Tsurumi, Wago, and Ilmakunnas, 1986; Moschini and Meilke, 1989; Goodwin, 1992; Goodwin and Brester, 1995; Rickertsen, 1995; Moschini and Moro, 1996; Deschamps, 2003; Jouini and Boutahar, 2005; Holt and Craig, 2006). Most of the transition function specifications are capable of capturing only unidirectional shifts.…”

Section: Beef Demand Modeling Issuesmentioning

confidence: 99%

“…Similarly, regarding the second issue, while numerous studies examine shifts in demand for various commodities and products (Tsurumi et al, 1986; Goodwin, 1992; Goodwin and Brester, 1995; Rickertsen, 1996; Moschini and Moro, 1996; Deschamps, 2003; Jouini and Boutahar, 2005), and despite the sophistication of the techniques employed, these studies generally consider only single shifts in demand. Moshcini and Moro (1996) survey demand shift literature and describe a number of specifications used to model demand shifts.…”

Section: Introductionmentioning

confidence: 99%

Characteristics and hedonic pricing of differentiated beef demands

Hahn¹,

Mathews²

2007

Agricultural Economics

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We estimate a CBS system model of U.S. derived demand for meat. We use this model (1) to examine relationships between three quality categories of beef and three other meats and (2) to simulate how taste shifts have affected demands for meats over time. We extend previous studies by disaggregating wholesale beef production into three quality categories: (1) USDA Choice grade or higher, (2) USDA Select or lower, and (3) cow and bull beef. Innovative features of our empirical model include a breakout of 'table cuts' into Choice and Select and the use of a hedonic characterization of the two breakouts to value "Choice-ness" and "beef-ness." Our model demonstrates important shifts in separate demands for Choice and Select beef. We show that, separately, the demand for Choice-grade beef declined in the 1980s and 1990s and the demand for Select beef increased, a departure from the relatively stable demand characterizations of more aggregated measures of combined Choice and Select beef. Copyright 2007 International Association of Agricultural Economists.

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“…Yao, 1988;Yin, 1988;Yao and Au, 1989;Liu et al, 1997). Bai and Perron (1998) consider the estimation of multiple structural shifts in a linear model estimated by least squares, and propose a selection procedure based on a sequence of tests to detect multiple 1 See Jouini and Boutahar (2005) and Eksi (2009) for a more detailed discussion. structural changes at unknown points of time.…”

Section: Introductionmentioning

confidence: 99%

Multiple Structural Breaks and Inflation Persistence: Evidence fromChina

Wei

2015

Asian Economic Journal

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The degree of inflation persistence fluctuates more in developing countries than in industrialized countries. This is because there are more economic reforms in developing countries than in industrialized countries. Hence, it is important to study the inflation persistence in developing countries. The present paper investigates the pattern of inflation persistence in China, a developing and transitional economy. Specifically, the paper studies statistically the number of structural breaks in China's inflation persistence based on the monthly retail price index (MRPI) and the quarterly retail price index (QRPI) inflation series from 1983 to 2011. The findings show that there are five and three structural breaks in the MRPI and QRPI inflation persistence, respectively. The present paper also exposes a high degree of persistence over the whole sample period and a slight decline in the level of the persistence since 1994. Furthermore, the persistence of two inflation series does not change monotonously but with obvious cyclical patterns. Using these derived estimated structural breakpoints, likely causes of the breakpoints in inflation persistence are investigated. Finally, theoretical and practical implications are discussed.

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Evidence on structural changes in U.S. time series

Cited by 20 publications

References 43 publications

Mass transit systems of Beijing: governance evolution and analysis

Mass transit systems of Beijing: governance evolution and analysis

Characteristics and hedonic pricing of differentiated beef demands

Multiple Structural Breaks and Inflation Persistence: Evidence fromChina

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