Modeling the US Labor Share's causes of decline using a regime-switching and a smooth transition Bayesian VAR
Anno
2021
Proponente Federico D'Amario - Dottorando
Struttura
Sottosettore ERC del proponente del progetto
SH1_1
Componenti gruppo di ricerca
| Componente | Categoria |
|---|---|
| Massimiliano Tancioni | Aggiungi Tutor di riferimento (Professore o Ricercatore afferente allo stesso Dipartimento del Proponente) |
Abstract
The objective of this research proposal is to implement an empirical analysis of the labor share's causes of decline, regarding in particular a suitable model which permits to discriminate whether the happening of a shock will affect the stochastic or the systematic components of the series and whether that non-linearity exists or not. Regarding this aspect, introducing a regime-switching and a smooth transition model could better permit to get the non linear relationship between variables.
ERC
SH1_6, SH1_1, SH1_5
Keywords:
MACROECONOMETRIA, ECONOMETRIA, LAVORO