the Conformity test (CCT) for the existence and rank of cointegration, as given in Johansen (J) (1988), (1991), and the …). Results based on the underlying normal theory indicate that the performance of the CCT is extremely good when the null … it has very little power. Results based on non-standard a symptotic theory for estimators of zero roots indicate that the …

von Immobilieninvestments in den USA und UK verdeutlicht, dass Immobilienaktienindizes nach wie vor als …

, insbesondere der Zeitreihenanalyse liegt. Das Konzept besteht darin, sämtliche wiederkehrenden Aufgaben mit Hilfe von Java …

for testing the null hypothesis of no cointegration against alternatives which are fractionally cointegrated. Fractional … cointegration would imply that, although there exists a long-run relationship, the equilibrium errors exhibit slow reversion to zero …. It is found that the null hypothesis of no cointegration cannot be rejected for Japan. By contrast, there is some …

standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …