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VAR de Umbral para Datos de Panel×Regresión de Transición Suave en Panel×
CampoEconometríaEconometría
FamiliaRegression modelRegression model
Año de origen19962005
Autor originalBruce Hansen and colleaguesGonzalez, Terasvirta, and van Dijk
TipoNonlinear panel modelSmooth-regime panel model
Fuente seminalHansen, B. E. (1996). Inference when a nuisance parameter is not identified under the null hypothesis. Econometric Theory, 12(3), 386-414. DOI ↗Gonzalez, A., Terasvirta, T., & van Dijk, D. (2005). Panel smooth transition regression models. Research Paper, Melbourne Institute of Applied Economic and Social Research. link ↗
AliasPanel-VAR with regime switchingSmooth-transition panel model
Relacionados33
ResumenThe Threshold Panel VAR extends the standard vector autoregression framework to accommodate regime-switching behavior where relationships change when a threshold variable crosses a critical level. Introduced by Hansen (1996) and applied to panels by Caner and Hansen (2001), it allows different dynamic relationships across regimes (e.g., expansions versus recessions) while exploiting the cross-sectional dimension of panel data. This nonlinear framework captures state-dependent policy effects and economic mechanisms.Panel Smooth Transition Regression (PSTR) models nonlinear panel relationships where coefficients transition smoothly (rather than abruptly) between regimes as a transition variable crosses thresholds. Introduced by Gonzalez et al. (2005), it extends univariate smooth-transition autoregression (STAR) models to panels, capturing gradual shifts in economic behavior. This approach is realistic when adjustment costs cause smooth (not sudden) regime changes.
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  3. PUBLISHED

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ScholarGateComparar métodos: Threshold Panel VAR · Panel Smooth Transition Regression. Recuperado el 2026-06-17 de https://scholargate.app/es/compare