Rabanal, Pau; Rubio-Ramírez, Juan Francisco; Tuesta … - 2009
structural shocks. However, these papers do not formalize a
VECM, test for cointegration, or estimate the cointegrating vector … univariate processes. Second, we will test for the
presence of cointegrating relationships using the Johansen (1991) procedure … unit root test results for the �rest of the world�log TFP process using data from 1980:1
to 2007:3. None of the test …