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Summary: This paper examines the longterm forecast performance of cointegrated systems relative to forecast performance of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation, real data sets, and multi-step-ahead forecasts to...
Persistent link: https://www.econbiz.de/10005789941
have changed considerably due to increased openness and integration requiring considering business cycles at regional …
Persistent link: https://www.econbiz.de/10008533255
Summary: This paper examines the longterm forecast performance of cointegrated systems relative to forecast performance of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation, real data sets, and multi-step-ahead forecasts to...
Persistent link: https://www.econbiz.de/10005622096
important features of social-andeconomic systems convergence under conditions of globalization and European integration, as well … – the co-integration of Ukraine and the EU, as well as the possibility of adapting the Polish experience of systemic …
Persistent link: https://www.econbiz.de/10011111791