Researchers in Japan and the UK and USA have developed a better method for modelling important kinds of economic data that may be useful for studying workforces, economic development, health, macroeconomics and other phenomena that vary over time.
Dr. Kazuhiko Hayakawa from Hiroshima University and Professor M. Hashem Pesaran from the Trinity College of Cambridge and the University of Southern California present their new and improved approach in the Journal of Econometrics.