Asymmetries and Nonlinearities in Socio-Economic Sphere
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The book suggests an investigation of asymmetric properties and nonlinear structure of behavior for number of macroeconomic indicators that represent the socio-economic sphere. The empirical study includes the econometric modeling of processes on Ukrainian labor market. The research is based on threshold-disturbance moving average and threshold - disturbance autoregressive models that reveal a significant asymmetric reactions of labor force participant rate, unemployment rate and productivity to positive and negative macroeconomic shocks. To describe nonlinear dynamics, the logistic smooth tra...
The book suggests an investigation of asymmetric properties and nonlinear structure of behavior for number of macroeconomic indicators that represent the socio-economic sphere. The empirical study includes the econometric modeling of processes on Ukrainian labor market. The research is based on threshold-disturbance moving average and threshold - disturbance autoregressive models that reveal a significant asymmetric reactions of labor force participant rate, unemployment rate and productivity to positive and negative macroeconomic shocks. To describe nonlinear dynamics, the logistic smooth transition autoregressive models are developed.
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