A NOTE ON TESTING RESTRICTIONS FOR THE COINTEGRATION PARAMETERS OF A VAR WITH I(2) VARIABLES

B-Tier
Journal: Econometric Theory
Year: 2005
Volume: 21
Issue: 3
Pages: 653-658

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We give a brief introduction to the vector autoregressive model for cointegrated I(2) variables and show how some plausible economic relations can be formulated in the I(2) framework in such a way that likelihood ratio tests for their validity are asymptotically χ2 distributed.The authors thank Paolo Paruolo for helpful comments and the ESF for financial support in the framework of the EMM network.

Technical Details

RePEc Handle
repec:cup:etheor:v:21:y:2005:i:03:p:653-658_05
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-25