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- W2016185762 abstract "We propose a smoothed least squares estimator of the parameters of a threshold regression model. Our model generalizes that considered in Hansen (2000) to allow the thresholding to depend on a linear index of observed regressors, thus allowing discrete variables to enter. We also do not assume that the threshold e¤ect is vanishingly small. Our estimator is shown to be consistent and asymptotically normal thus facilitating standard inference techniques based on estimated standard errors or standard bootstrap for the threshold parameters themselves. We compare our con dence intervals with those of Hansen (2000) in a simulation study and show that our methods outperform his for large values of the threshold. We also include an application to cross-country growth regressions." @default.
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- W2016185762 modified "2023-09-23" @default.
- W2016185762 title "A Smoothed Least Squares Estimator for Threshold Regression Models" @default.
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