Cointegration, variance shifts and the limiting distribution of the OLS estimator

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 1
Pages: 103-106

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

This paper investigates the performance of the OLS estimator in the context of a cointegrating system, which exhibits a single variance shift. It is shown that the limiting distribution of OLS and that of the associated t-statistic depend on the time, the size and the direction of the break.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:1:p:103-106
Journal Field
General
Author Count
2
Added to Database
2026-01-25