models, the relation between levels and differences, integration and cointegration, and the Hansen-Sargent prediction …

This paper tests for cointegration between regional output of an industry and national output of the same industry. An … equilibrium economic theory is presented to argue for the plausibility of cointegration, however, regional economic forecasting … using the shift and share framework often acts as if cointegration does not exist. Data analysis on broad industrial sectors …

, according to the Johansen procedure, cointegration fails to hold the farther out the forecasts extend. At the one year ahead …

output from first principles. Cointegration and common features (cycles) tests are performed and sectoral output data seem to …

Tourism is a tradable service activity that could allow some African countries to generate significant growth. Tanzania …, Tanzania receives very few tourists and revenues from tourism. To explore the determinants of this performance, I conduct an …