The Aggregated Structural-Change Model

Terence Tai Leung Chong (), Isabel Kit-Ming Yan () and Guoxin Liu ()
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Isabel Kit-Ming Yan: City University of hong Kong

Economics Bulletin, 2007, vol. 3, issue 2, pages 1-10

Abstract: Most of the existing structural-change models presume that the impact of a change is instantaneous and occurs at the same time for all individuals. In this paper, we develop a new structural-change model to measure the lag length between the time when an economic crisis breaks out and the time when the impact is transmitted to various economic sectors. Our model allows different transmission lags for individuals with heterogenous characteristics. Simulation results for the performance of the estimators are reported.

Keywords: Aggregation; Beta Distribution.; Poisson Distribution; Structural Change (search for similar items in EconPapers)
JEL-codes: C2 C5 (search for similar items in EconPapers)
Date: 2007 Written 2007-01-10
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