The present paper tests for the existence of multicointegration between real per capita private consumption expenditure …, in which multicointegration is likely to occur. We apply recently developed I(2) techniques for testing for … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure …, in which multicointegration is likely to occur. We apply recently developed I(2) techniques for testing for … multicointegrating relations and find supporting evidence for the existence of multicointegration in this simple bivariate model. …

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure …, in which multicointegration is likely to occur. We apply recently developed I(2) techniques for testing for … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure …, in which multicointegration is likely to occur. We apply recently developed I(2) techniques for testing for … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

cointegration within a system that may contain both I(2) and I(1) observables. The test is also consistent under the alternative of … multicointegration, where first differences of the I(2) observables enter the cointegrating relationships. We find the null limiting … stationary cointegration which overcomes the drawback, suffered by any residual-based method, of the lack of power with respect …

cointegration within a system that may contain both I (2) and I (1) observables. The test is also consistent under the alternative … of multicointegration, where first differences of the I (2) observables enter the cointegrating relationships. We find … test the null of no stationary cointegration which overcomes the drawback, suffered by any residual-based method, of the …

cointegration within a system that may contain both I (2) and I (1) observables. The test is also consistent under the alternative … of multicointegration, where first differences of the I (2) observables enter the cointegrating relationships. We find … test the null of no stationary cointegration which overcomes the drawback, suffered by any residual-based method, of the …