The Nonlinear Skeletons in the Closet

William Barnett, Barry Jones, Milka Kirova, Travis Nesmith and Meenakshi Pasupathy
Additional contact information
Milka Kirova: Washington University
Meenakshi Pasupathy: Bernard Baruch School - CUNY

Econometrics from University Library of Munich, Germany

Abstract: Although nonlinearity is the rule in economic theory, nonlinearity tends to make life difficult for econometricians. While there have been many advances in nonlinear econometrics in recent years, some problems produced by nonlinearity remain 'skeletons in the closet' in empirical economic research. In this paper, we open the door to that closet and take a look at two of the biggest skeletons. For a deeper look into that closet, see the just-published book by W. A. Barnett and Jane Binner (2004), Functional Structure and Approximation in Econometrics, North Holland, Elsevier Science.

Keywords: nonlinearity; curvature; regularity; cointegration; bispectrum; chaos; bifurcation (search for similar items in EconPapers)
JEL-codes: C14 C22 E32 E37 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2004-05-27
New Economics Papers: this item is included in nep-ecm and nep-hpe
Note: Type of Document - doc; pages: 45. This paper is forthcoming in Michael Belongia and Jane Binner (eds), Money, Measurement, and Computation, Palgrave.
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Nonlinear Skeletons in the Closet (2004)
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