Pesaran, M Hashem; Smith, Ron P - In: Journal of Economic Surveys 12 (1998) 5, pp. 471-505
This survey uses a number of recent developments in the analysis of cointegrating Vector Autoregressions (VARs) to examine their links to the older structural modelling traditions using Autoregressive Distributed Lag (ARDL), and Simultaneous Equations Models (SEMs). In particular, it emphasizes...