-wage labor costs and the rate of capital accumulation. Given the statistical properties of the variables, a cointegration …

relationship is time-dependent. Our results suggest that the null hypothesis of linear cointegration would be rejected in favor of … a two-regime threshold cointegration model, that is, in favor of a time-sensitive relationship with two opposite regimes …

Johansen cointegration approach. Qatar is a small open economy that depends on the outside world for exporting its oil, natural …

We consider cointegration rank estimation for a p-dimensional Fractional Vector Error Correction Model. We propose a … levels. The first step consists in estimating the parameters of the model under the null hypothesis of the cointegration rank … r=1,2,...,p-1. This step provides consistent estimates of the order of fractional cointegration, the cointegration …