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What is 28 Hansen NewEconometricsStructural 2001 about?

The document discusses the econometrics of structural change in U.S. labor productivity, particularly focusing on the identification and dating of structural breaks in time series data. It critiques traditional methods like the Chow test for their limitations and introduces innovative approaches such as the Quandt statistic and methods for estimating multiple structural breaks. The paper emphasizes the importance of these advancements in analyzing labor productivity trends and their implications for economi

Author

qvmbt5v4w8

Language

EN