-Hanck cointegration approach and the VECM-Granger causality test. The findings of the study confirmed that nominal effective exchange rate …

cointegration test, we assert that between January 1992 and November 1995, the Ukraine was faced with a complex monetary regime in …

products and 18 regions in Spain. We consider vector equilibrium correction (VeqC) models that include cointegration … geographical areas. Moreover, cointegration relationships between regional and national prices must be considered in order to …

In this paper we investigate the possibility of the application of subsampling procedure for testing cointegration … distribution and nuisance parameters in testing for cointegration rank without an explicitly formulated structural model. The … cointegration rank in large scale models, where the standard procedures hits already its limit. For empirical relevant cases our …

ability of the model to forecast not only one-period ahead but also many periods into the future. Keywords: Cointegration …

We analyze di¤erent residual-based tests for the null of no cointegration using GLS detrended data. We …nd and simulate … of the number of right-hand side variables, the type of deterministic components used in the cointegration equation, and …. In particular, evidence shows that the ECR statistic which assumes a known cointegration vector is the most powerful. A …