Advances In Nonlinear Economic Modeling Theory And Applications 1st Edition Stefan Mittnik by Stefan Mittnik, Willi Semmler (auth.), Frauke Schleer-van Gellecom (eds.) 9783642420382, 9783642420399, 3642420389, 3642420397 instant download after payment.

In recent years nonlinearities have gained increasing importance in economic and econometric research, particularly after the financial crisis and the economic downturn after 2007. This book contains theoretical, computational and empirical papers that incorporate nonlinearities in econometric models and apply them to real economic problems. It intends to serve as an inspiration for researchers to take potential nonlinearities in account. Researchers should be aware of applying linear model-types spuriously to problems which include non-linear features. It is indispensable to use the correct model type in order to avoid biased recommendations for economic policy.