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It has been found that the t-statistic for testing the null of no relationship between two independent variables diverges asymptotically under a wide variety of nonstationary data generating processes. This paper introduces a simple method which guarantees convergence of this t-statistic to a...
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correction model, we contrast the cointegration of the variables by means of four specifications for the saving rate according to …
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structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long …
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RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceitede oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva acabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001) de...
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In this study, cointegration analysis and vector error correction (VCE)model were applied to analyze the influence of …
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This study applied cointegration analysis and the vector errorcorrection model (VCE) to analyze the magnitude and …, which was supported by the magnitude of the coefficients ofvector cointegration and the speed of adjustment coefficients …
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