Advances in Econometrics

Advances in Econometrics is a research annual published by Emerald Publishing Limited. The research annual's editorial policy is to publish papers that are in sufficient detail so that econometricians who are not expert in the topics of the volume will find them useful in their research.  The series editors are Professor Juan Carlos Escanciano, Department of Economics, Indiana University, Wylie Hall Rm 105, 100 S. Woodlawn, Bloomington, IN 47405-7104 ( ;  Professor Thomas B. Fomby, Department of Economics, Southern Methodist University, Dallas, TX 75275, (; Professor R. Carter Hill, Department of Economics, Louisiana State University, Baton Rouge, LA 70803, (; Professor Eric Hillebrand, Department of Economics and Business, Aarhus University, Building 1322, Bartholins Allé 10, DK-8000 Aarhus C ( ; and Professor Ivan Jeliazkov, Department of Economics, University of California-Irvine, Irvine, CA 92697 (


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