Dalarna University's logo and link to the university's website

du.sePublikasjoner
Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Residual-based test for Nonlinear Cointegration with application in PPPs
Högskolan Dalarna, Akademin Industri och samhälle, Statistik.
2008 (engelsk)Independent thesis Advanced level (degree of Master (Two Years))Oppgave
Abstract [en]

Nested by linear cointegration first provided in Granger (1981), the definition of nonlinear cointegration is presented in this paper. Sequentially, a nonlinear cointegrated economic system is introduced. What we mainly study is testing no nonlinear cointegration against nonlinear cointegration by residual-based test, which is ready for detecting stochastic trend in nonlinear autoregression models. We construct cointegrating regression along with smooth transition components from smooth transition autoregression model. Some properties are analyzed and discussed during the estimation procedure for cointegrating regression, including description of transition variable. Autoregression of order one is considered as the model of estimated residuals for residual-based test, from which the test statistic is obtained. Critical values and asymptotic distribution of the test statistic that we request for different cointegrating regressions with different sample sizes are derived based on Monte Carlo simulation. The proposed theoretical methods and models are illustrated by an empirical example, comparing the results with linear cointegration application in Hamilton (1994). It is concluded that there exists nonlinear cointegration in our system in the final results.

sted, utgiver, år, opplag, sider
2008.
Emneord [en]
Nonlinear cointegration, Common features, Regime transition, Residual-based test, Purchasing power parities
Identifikatorer
URN: urn:nbn:se:du-3433OAI: oai:dalea.du.se:3433DiVA, id: diva2:518452
Uppsök
Social and Behavioural Science, Law
Veileder
Tilgjengelig fra: 2008-10-03 Laget: 2008-10-03 Sist oppdatert: 2012-04-24bibliografisk kontrollert

Open Access i DiVA

fulltekst(249 kB)1029 nedlastinger
Filinformasjon
Fil FULLTEXT01.pdfFilstørrelse 249 kBChecksum SHA-512
cca5fdd32caa64f7725459bab7d7eb3bf98ab907ba619dc96454dd1ebddaafd14c07afed63ea9cd95abcafbabbf6c2600174cf917a438d385ba7cd7cf91f7a5f
Type fulltextMimetype application/pdf

Av organisasjonen

Søk utenfor DiVA

GoogleGoogle Scholar
Totalt: 1047 nedlastinger
Antall nedlastinger er summen av alle nedlastinger av alle fulltekster. Det kan for eksempel være tidligere versjoner som er ikke lenger tilgjengelige

urn-nbn

Altmetric

urn-nbn
Totalt: 760 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf