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Published in 2018 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.10.029
Abstract: The aim of this paper is to show the usefulness of Finite Mixture Markov models (FMMM) for regional analysis. FMMM combine clustering techniques and Markov Switching models, providing a powerful methodological framework to jointly obtain…
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Keywords:
business cycles;
business;
regional business;
clustering regional ... See more keywords