Ketenci, Natalya - Volkswirtschaftliche Fakultät, … - 2014
presence of structural breaks in series. In order to test the cointegration relationships of series, three different … cointegration techniques were applied to the data. First, the Gregory and Hansen (1996) cointegration test was applied, which allows … for one structural shift; then, for cases where two breaks were detected, the Hatemi-J (2008) cointegration test was …