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- W4387457652 abstract "Structural breaks are often encountered in empirical studies with large panels. This paper considers the estimation of multiple breaks in the mean of panel data model based on a modified screening and ranking algorithm. This algorithm satisfies symmetry and is suitable for both cases where the jump size of break points is positive and negative. The break points are first initially screened based on the adaptive Fisher’s statistic, followed by further screening of the break points using the threshold criterion, and finally the final break points are screened using the information criterion. Furthermore, the consistency of the break point estimators is proved. The Monte Carlo simulation results show that the proposed method performs well even if the error terms are serially correlated or cross-sectionally correlated. Finally, two empirical examples illustrate the use of this method." @default.
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- W4387457652 date "2023-10-09" @default.
- W4387457652 modified "2023-10-11" @default.
- W4387457652 title "Estimation of Multiple Breaks in Panel Data Models Based on a Modified Screening and Ranking Algorithm" @default.
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- W4387457652 doi "https://doi.org/10.3390/sym15101890" @default.
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