Rico, Vanessa Berenguer; Gonzalo, Jesús - Departamento de Economía, Universidad Carlos III de Madrid - 2013
While co-integration theory is an ideal framework to study linear relationships among persistent economic time series …, the intrinsic linearity in the concepts of integration and co-integration makes it unsuitable to study non-linear long run … approximations to unknown functions. In this paper, to cope with non-linear relations and consequently to generalise co-integration …