This book shows major developments in the econometric analysis of the long run (non-stationary and cointegration) - a field which has developed dramatically over the last twelve years. The papers here describe and evaluate new methods, provide useful overviews, and show detailed implementations...

This important book presents new original material on the economic modelling of the long run by some of the world's leading economists. There is great interest now in modelling the ‘long run’ occasioned by substantial changes to the supply side of the world economy (the break up of...