Ferris, J. Stephen; Park, Soo-Bin; Winer, Stanley L. - Institute of Public Policy and Public Choice - POLIS - 2008
We argue for the use of cointegration and error correction analysis as a method to combine economic factors that are nonstationary with political factors that are stationary into a dynamic, empirical model of the evolution of public policy over long periods. The approach we develop is applied to...
