Cointegration: Its fatal flaw and a proposed solution
Summary: It has been argued that whenever regression models involve nonstationary and trending variables, estimation methods appropriate to stationary series cannot be applied to such models and instead require cointegration techniques. Unfortunately, extant methodologies applied to cointegration ar...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2020-01-01
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| Series: | Sustainable Futures |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188820300319 |