A semiparametric panel model for unbalanced data with application to climate change in the United Kingdom

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Atak A., Linton O., Xiao Z.

JOURNAL OF ECONOMETRICS, cilt.164, sa.1, ss.92-115, 2011 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 164 Sayı: 1
  • Basım Tarihi: 2011
  • Doi Numarası: 10.1016/j.jeconom.2011.02.008
  • Dergi Adı: JOURNAL OF ECONOMETRICS
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.92-115
  • Anahtar Kelimeler: Global warming, Kernel estimation, Semiparametric, Trend analysis, SELECTION MODELS, WEATHER
  • Orta Doğu Teknik Üniversitesi Adresli: Hayır

Özet

This paper is concerned with developing a semiparametric panel model to explain the trend in UK temperatures and other weather outcomes over the last century. We work with the monthly averaged maximum and minimum temperatures observed at the twenty six Meteorological Office stations. The data is an unbalanced panel. We allow the trend to evolve in a nonparametric way so that we obtain a fuller picture of the evolution of common temperature in the medium timescale. Profile likelihood estimators (PLE) are proposed and their statistical properties are studied. The proposed PLE has improved asymptotic property comparing the sequential two-step estimators. Finally, forecasting based on the proposed model is studied. (C) 2011 Elsevier B.V. All rights reserved.