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A COMPARISON OF DEPRECIATION METHODS UNDER CURRENT COST ACCOUNTING: A COMMENT

✍ Scribed by Rose, Roger


Book ID
115212801
Publisher
Wiley (Blackwell Publishing)
Year
1980
Tongue
English
Weight
206 KB
Volume
24
Category
Article
ISSN
0004-9395

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Comment on β€œA comparison of two business
✍ James D. Hamilton πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 65 KB

Harding and Pagan note that their stripped-down Markov-switching model (3) -( 5) is an example of a standard state-space model, albeit with non-Gaussian innovations. This is indeed true of a broad class of Markov-switching models, as noted by Hamilton (1994, Section 4.1). Hence, one could always use