Moosa, I. A.; Baxter, J. L. - In: Journal of Applied Econometrics 17 (2002) 2, pp. 95-106
The argument that is put forward in this paper is that failure to represent stochastic trend and stochastic seasonality in an AIDS model leads to a misspecified and possibly structurally unstable model. This proposition is verified by estimating an AIDS model of the demand for alcoholic...
