文章基本信息

标题：How to apply the novel dynamic ARDL simulations (dynardl) and Kernel-based regularized least squares (krls)
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作者：Samuel Asumadu Sarkodie ; Phebe Asantewaa Owusu
期刊名称：MethodsX
印刷版ISSN：2215-0161
电子版ISSN：2215-0161
出版年度：2020
卷号：7
页码：1-11
DOI：10.1016/j.mex.2020.101160
语种：English
出版社：Elsevier
摘要：AbstractThe application of dynamic Autoregressive Distributed Lag (dynardl) simulations and Kernel-based Regularized Least Squares (krls) to time series data is gradually gaining recognition in energy, environmental and health economics. The Kernel-based Regularized Least Squares technique is a simplified machine learning-based algorithm with strength in its interpretation and accounting for heterogeneity, additivity and nonlinear effects. The novel dynamic ARDL Simulations algorithm is useful for testing cointegration, long and short-run equilibrium relationships in both levels and differences. Advantageously, the novel dynamic ARDL Simulations has visualization interface to examine the possible counterfactual change in the desired variable based on the notion ofceteris paribus. Thus, the novel dynamic ARDL Simulations and Kernel-based Regularized Least Squares techniques are useful and improved time series techniques for policy formulation.•We customize ARDL and dynamic simulated ARDL by adding plot estimates with confidence intervals.•A step-by-step procedure of applying ARDL, dynamic ARDL Simulations and Kernel-based Regularized Least Squares is provided.•All techniques are applied to examine the economic effect of denuclearization in Switzerland by 2034.Graphical abstractDisplay Omitted
关键词：Dynamic autoregressive distributed lag simulations;Kernel-based regularized least squares;Response surface regressions;Average marginal effects;Pointwise derivatives;time series techniques;Counterfactual change;Impulse-Response, Dynardl;Krls