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Persistent link: https://www.econbiz.de/10003864019
This paper introduces a novel way of differentiating a unit root from a stationary alternative. We write up the model consisting of zero and nonzero parameters. If the lagged dependent variable has a coefficient of zero, we know that the variable has a unit root. We exploit this property and...
Persistent link: https://www.econbiz.de/10014212098