Rolling regressions and conditional correlations of foreign patents in the USA

Patent registrations have often been used as a proxy of innovation as they reflect a country's technological capability. Recently, some studies have found that the Generalised Autoregressive Conditional Heteroscedasticity (GARCH) model and an asymmetric extension, namely Glosten, Jagannathan an...

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Bibliographic Details
Main Authors: Chan, Felix, Marinova, Dora, McAleer, M.
Format: Journal Article
Published: Elsevier SCI Ltd 2005
Online Access:http://hdl.handle.net/20.500.11937/21982