Estimation of a change point in multiple regression models

Article Abstract:

Consistency, rate of convergence and asymptomatic distributions are established from studying the change-point problem in multiple regressions computed by the least-squares method. Results obtained is applicable for a wide range of regressors including deterministic and stochastic regressors, lagged dependent variables and time trend. A skewed and parameter-embedded analytical density function and a cumulative distribution function for the asymptomatic distribution of the change-point estimator obtained symmetric distribution as a special case that is useful for creating confidence intervals for the true break.

Models, Usage, Economic research, Autoregression (Statistics), Parameter estimation

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The effect of taxes on investment and income shifting to Puerto Rico

Article Abstract:

Puerto Rico's tax regulation involving real investment proved to be advantageous to its investment climate. Utilization of a structural econometric model showed that Puerto Rico's decision not to impose tax on the income of Puerto Rican affiliates of US firms serves as a major reason why several American firms invest in the territory. Such regulation creates income shifting advantages for US investments.

Tax Law, Public Finance Activities, Administration of General Economic Programs, Foreign Investment Regulations, Foreign investments, Tax policy, Puerto Rico, Foreign investment laws

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