Unit roots, cointegration, and structural change by Maddala G.S., Kim I. M.

Unit roots, cointegration, and structural change Maddala G.S., Kim I. M. ebook
ISBN: 0521582571,
Page: 524
Publisher: CUP
Format: djvu

5th McGraw-Hill New York 0074621432 9780074621431 Unit roots, cointegration, and structural change Maddala G.S., Kim I.-M. In addition, it enables retention of the important information contained in 'levels' changes are passed on to the local currency prices of traded goods. Structural changes taking place in the economies in the region and the likely time- .. Today yet again, I got a glimpse of it while reading Unit Roots, Cointegration, and Structural Change by G. 99、 Chandler(1962), Strategy and Structure: Chapters in the History of Industrial Enterprise. This monograph provides an insightful analysis of dynamic modelling in econometrics by bridging the structural with the time series approaches, and by focusing on representation theorems of integrated processes. The cointegration approach provides a coherent means by which to deal with the inherent non-stationarity of the variables of interest in a simultaneous framework. The variables are tested for unit roots using the traditional ADF test, but to ensure. 323、 Maddala and Kim(1998), Unit Roots, Cointegration and Structural Change. Time series analysis has undergone many changes in recent years with the advent of unit roots and cointegration. Her book is a good introduction, and there is additionally (the rather dry) Hamilton chapters on it, or Maddala's "Unit Roots, Cointegration, and Structural Change." The later, I think, is a really good book but is dated.