AN INTEGRAL INEQUALITY ON C([0,1]) AND DISPERSION OF OLS UNDER NEAR-INTEGRATION

B-Tier
Journal: Econometric Theory
Year: 2001
Volume: 17
Issue: 2
Pages: 471-474

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We obtain an inequality for the sample variance of a vector Brownian motion on [0,1] and an associated Ornstein–Uhlenbeck process. The result is applied to a regression involving near-integrated regressors, and establishes that in the limit the dispersion of the least squares estimator is greater in the near-integrated than in the integrated case. Our proof uses a quite general integral inequality, which appears to be new.

Technical Details

RePEc Handle
repec:cup:etheor:v:17:y:2001:i:02:p:471-474_17
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-24