This paper generalizes the existing cointegration analysis literature in two respects. Firstly, the problem of …

expenditures in the case of Turkey for the period of 1950-2002. On using new macroeconomic theory and multivariate cointegration …

This paper examines income convergence across U.S. regions for the period 1929-2002 using unit root and cointegration … endogenous breakpoints are included. Interestingly, we also find evidence of cointegration among technology and incomes in the …

regular cointegration, linear combinations of fractionally integrated variables are integrated to lower order. Generalized … cointegration is defined as the case where the cointegrating variables may be fractional differences of the observed series. The …

This paper is devoted to presenting wider characterizations of memory and cointegration in time series, in terms of …

existing tests of no cointegration and parameter constancy. Smooth-transition regressions are chosen to describe the … nonlinearity, and the Johansen cointegration test and the Lin and Ter¨asvirta parameter constancy test are applied. It turns out … high power when dealing with unrestricted cointegration, that is, when no cointegrating vector is estimated and the …

activity. Results from cointegration and error correction models suggest that financial deepening (alternatively measured …

capital market reforms and the sustained interest of foreign investors in that market. By using techniques of cointegration …

Using cointegration tests, this paper analyzes the existence of long-run relationships among Baltic stock markets and … and multivariate cointegration tests indicate a common trend linking Latvia to European markets. Evidence indicates that …