Testing for Common Features: Comment.

I show that the Engle-Kozicki formulation of common features--applied to international business cycles--has some surprising, counterintuitive, and, I argue, undesirable implications. Such implications can be derived only on a case-by-case basis, however, and are necessarily specific to each application. Therefore, some attention to those possibilities might usefully accompany each application of the general common-features principle.

MoreLess

Year of publication:	1993
Authors:	Quah, Danny
Published in:	Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 11.1993, 4, p. 386-90
Publisher:	American Statistical Association

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005532267