set of the cointegration models to examine their macroeconomic determinants. Design/methodology/approach Linear and … in weaker evidence for cointegration of all variables in certain sectors. Research limitations/implications This study …

following the classical approach based on I(0) stationarity or I(1) cointegrating relationships, we use fractional integration/cointegration … three variables are I(1). But we only find cointegration in the presence of autocorrelated disturbances, which means that … opposed to classical cointegration, which implies long memory and slow reversion to equilibrium. This suggests that an …