Long-Run Economic Relationships: Readings in Cointegration (Advanced Texts in Econometrics)

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9780198283393: Long-Run Economic Relationships: Readings in Cointegration (Advanced Texts in Econometrics)

In this interesting survey of recent developments in the field of cointegration, the authors discuss how cointegration (the linking of long run components of a pair or of a group or series), can be used to discuss some types of equilibrium and to introduce those equilibria into time-series models in a fairly uncontroversial way. The authors discuss the basic ideas in their introduction and the final chapters review the most recent developments in the field in a non-technical manner.

About the Series
Advanced Texts in Econometrics is a distinguished and rapidly expanding series in which leading econometricians assess recent developments in such areas as stochastic probability, panel and time series data analysis, modeling, and cointegration. In both hardback and affordable paperback, each volume explains the nature and applicability of a topic in greater depth than possible in introductory textbooks or single journal articles. Each definitive work is formatted to be as accessible and convenient for those who are not familiar with the detailed primary literature.

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About the Author:

C. W. J. Granger is at University of California, San Diego.

Review:


"Together these papers should serve to bring the reader up to speed on the conceptual approaches to cointegration, provide a nice foundation for those who'll dig deeper into the theoretical structure, and give the applied reader at least a few examples of well-executed applications. This book could serve equally well as an introduction to cointegration for graduate students and for econometric practitioners and other professional economists interested in keeping up with developments in this exciting area."--The Southern Economic Journal


"A most delightful book. Most topics of current interest related to cointegration are discussed in this book."--Sunil Sapra, California State University


"This is an awaited collection for both graduate students and researchers who are interested in civilization."--Yin-Wong Cheung, University of California, Santa Cruz


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Book Description Oxford University Press, United Kingdom, 1992. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****. This is a survey of recent developments in the field of cointegration, which links long run components of a pair or of a group of series. It can then be used to discuss some types of equilibrium and to introduce them into time-series models in a fairly uncontroversial way. The idea was introduced in the early 1980s and has generated much interest since then amongst econometricians and macroeconomists. The authors discuss the basic ideas in their introduction, and the final chapters review the most recent developments in the field in a non-technical way that will enable economists with some training in modern econometrics to understand and appreciate these developments. Bookseller Inventory # AAV9780198283393

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