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Persistent link: https://www.econbiz.de/10005489316
This paper develops a new approach to testing for the existence of a linear long-run relationship, when the orders of integration of the underlying regressors are not known with certainty. The test is the standard Wald or F - statistic for testing the significance of the lagged levels of the...
Persistent link: https://www.econbiz.de/10005641030
This argues for a closer link between the modelling of the long-run relations in applied economics and the intertemporal equilibrium notion from economic theory.
Persistent link: https://www.econbiz.de/10005207813