SFB 649 Discussion Paper 2006-067 Testing for the Cointegrating Rank of a VAR Process with Level Shift and Trend Break Carsten Trenkler* Pentti Saikkonen** Helmut Lütkepohl*** * Humboldt-Universität zu Berlin, Germany ** University of Helsinki, Finland ***...

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...