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Co-trending: A Statistical System Analysis of Economic Trends

Hatanaka, M., Yamada, H.

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ISBN 10: 443140158X / ISBN 13: 9784431401582
Published by Springer, 2003
Used Condition: Very Good
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Title: Co-trending: A Statistical System Analysis ...

Publisher: Springer

Publication Date: 2003

Book Condition:Very Good

Edition: 2003rd Edition.

About this title


In macro-econometrics more attention needs to be paid to the relationships among deterministic trends of different variables, or co-trending, especially when economic growth is of concern. The number of relationships, i.e., the co-trending rank, plays an important role in evaluating the veracity of propositions, particularly relating to the Japanese economic growth in view of the structural changes involved within it. This book demonstrates how to determine the co-trending rank from a given set of time series data for different variables. At the same time, the method determines how many of the co-trending relations also represent cointegrations. This enables us to perform statistical inference on the parameters of relations among the deterministic trends. Co-trending is an important contribution to the fields of econometric methods, macroeconomics, and time series analyses.

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