MIXED NORMAL INFERENCE ON MULTICOINTEGRATION

B-Tier
Journal: Econometric Theory
Year: 2010
Volume: 26
Issue: 5
Pages: 1565-1576

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

Asymptotic likelihood analysis of cointegration in I (2) models (see Johansen, 1997, 2006; Boswijk, 2000; Paruolo, 2000) has shown that inference on most parameters is mixed normal, implying hypothesis test statistics with an asymptotic χ2 null distribution. The asymptotic distribution of the multicointegration parameter estimator so far has been characterized by a Brownian motion functional, which has been conjectured to have a mixed normal distribution, based on simulations. The present note proves this conjecture.

Technical Details

RePEc Handle
repec:cup:etheor:v:26:y:2010:i:05:p:1565-1576_00
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-24