It is argued that whether or not there is a need for unit roots and cointegration based econometric methods is a methodological issue. An alternative is the econometrics of the London School of Economics (LSE) and Hendry approach based on the simpler classical methods of estimation. This is known as the general to specific method (GETS). Like all other methodological issues this is also difficult to resolve but we think that GETS is very useful.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6627.
Find related papers by JEL classification: C0 - Mathematical and Quantitative Methods - - General C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General
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