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most citedThe Association of Opening K-12 Schools with the Spread of COVID-19 in the United States: County-Level Panel Data Analysis

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math.ST2017

Asymptotic Properties of the Maximum Likelihood Estimator in Regime Switching Econometric Models

Hiroyuki Kasahara, Katsumi Shimotsu

Markov regime switching models have been widely used in numerous empirical applications in economics and finance. However, the asymptotic distribution of the maximum likelihood est…