| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062071 | Economics Letters | 2007 | 7 Pages |
Abstract
Multicointegration of unobserved series is lost, when the data is observed with errors-in-variables (EV), and multicointegration tests may suffer severely from power losses. Hence, multicointegration may be a more prevalent economic mechanism than previous empirical evidence has indicated, but it may well be disguised by EV.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Uwe Hassler,