Stresing, Robert; Lindenberger, Dietmar; Kümmel, Reiner - 2008
Cointegration analysis is applied to the linear combinations of the time series of (the logarithms of) output, capital …, labor, and energy for Germany, Japan, and the USA since 1960. The computed cointegration vectors represent the output … production factors capital, labor, and energy. We find that they are for labor much smaller and for energy much larger than the …