How do you incorporate turning points in panel ARDL models?

In panel ARDL models, turning points can be incorporated by introducing non-linear terms in the model equations. This can be done by including squared or higher-order terms of the independent variables that are suspected to have non-linear effects on the dependent variable. By including these non-linear terms, the model is able to capture any potential turning points and better represent the relationship between the variables. Additionally, it is important to conduct diagnostic tests to ensure that the chosen functional form is appropriate and that the model is correctly capturing the turning points in the data.
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