Determination of Cointegration Rank in the Presence of a Linear Trend.

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 1992
Volume: 54
Issue: 3
Pages: 383-97

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

It is shown how the table in S. Johansen and K. Juselius (1990) can be applied to make inference on the cointegration rank. The reason that inference is difficult is that the limit distribution of the proposed likelihood ratio test statistic depends on which parameter is considered under the null. It is shown how a recent procedure for unit root testing suggested by S. G. Pantula (1989) solves the problem. The procedure is illustrated by some published econometric examples. Copyright 1992 by Blackwell Publishing Ltd

Technical Details

RePEc Handle
repec:bla:obuest:v:54:y:1992:i:3:p:383-97
Journal Field
General
Author Count
1
Added to Database
2026-01-25