Pen, Yannick Le - In: Empirical Economics 30 (2005) 1, pp. 23-35
In this paper, we check the hypothesis of a time varying cointegration relation between four industrial countries’ per capita GDPs and US per capita GDP on the period from 1870 to 1994. Park and Hahn (1999) give the methodology. Results confirm the hypothesis of time evolving cointegration in...
