five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …

, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …

cointegration tests. We check the unit root tests and conclude that the analyzed time series are stationary at first difference …. Further, we estimate two models: Fully Modified and Dynamic Ordinary Least Squares and study causality and cointegration …