Exogeneity in Error Correction Models
Language: English
Published by Springer, Springer Jun 1993, 1993
- Softcover
- New
Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.
AbeBooks seller since January 11, 2012
Condition: New
£ 47.38
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Add to basketItem description from seller
This item is printed on demand - it takes 3-4 days longer - Neuware -In the recent years, the study of cointegrated time seriesand the use of error correction models have become extremelypopular in the econometric literature. This book provides ananalysis of the notion of (weak) exogeneity, which isnecessary to sustain valid inference in sub-systems, intheframework of error correction models (ECMs).In many practical situations, the applied econometricianwants to introduce 'structure' on his/her model in order toget economically meaningful coefficients. For thispurpose,ECMs in structural form provide an appealing framework,allowing the researcher to introduce (theoreticallymotivated) identification restrictions on the long runrelationships. In this case, the validity of the inferencewill depend on a number of conditions which are investigatedhere. In particular,we point out that orthogonality tests,often used to test for weak exogeneity or for generalmisspecification, behave poorly in finite samples and areoften not very useful in cointegrated systems. 212 pp. Englisch.…
Seller Inventory # 9783540566397
- Title
- Exogeneity in Error Correction Models
- Author
- Jean-Pierre Urbain
- Publisher
- Springer, Springer Jun 1993
- Publication year
- 1993
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 3540566392
- ISBN 13
- 9783540566397
- Item weight
- 372 grams
- Dimensions
- 242x170x12 mm
"Synopsis" may belong to another edition of this title.
BuchWeltWeit Ludwig Meier e.K.
Bergisch Gladbach, Germany
AbeBooks seller since January 11, 2012
Shipping rates from Germany to U.S.A.
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