Jansson, Michael; Haldrup, Niels Prof. - Department of Economics, University of California-San … - 2000
on this representation, we propose a notion of near cointegration, which helps bridging the gap between the polar cases … of spurious regression and cointegration. Two applications of the model of near cointegration are provided. As a first … application, the properties of conventional cointegration methods under near cointegration are characterized, hereby investigating …