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Asymptotic Inference on Cointegrating Rank in Partial Systems

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Author Info
Harbo, Ingrid, et al

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Abstract

The likelihood ratio test for cointegrating rank is analyzed for partial (or conditional) systems in the vector autoregressive error-correction model. Under the assumption of weak exogeneity for the cointegrating parameters, the asymptotic distributions are given and tables of critical values are provided. A discussion is given of some of the assumptions of the model, why they are needed, and how they are tested. Coauthors are Soren Johansen, Bent Nielsen, and Anders Rahbek.

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Publisher Info
Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

Volume (Year): 16 (1998)
Issue (Month): 4 (October)
Pages: 388-99
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Handle: RePEc:bes:jnlbes:v:16:y:1998:i:4:p:388-99

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This page was last updated on 2009-11-22.


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