Long-Run Economic Relationships

R. F. Engle

ISBN 10: 0198283393 / ISBN 13: 9780198283393

Published by Oxford University Press, GB, 1991

About this Item

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.

Seller Inventory # LU-9780198283393

Bibliographic Details

• Title: Long-Run Economic Relationships
• Publisher: Oxford University Press, GB
• Publication Date: 1991
• Language: English
• ISBN 10: 0198283393
• ISBN 13: 9780198283393
• Binding: Paperback
• Edition: Illustrated.
• Condition: New
• Dimensions: 23.01W x 2.26H x 15.37D centimeters 23.01 centimeters width by 2.26 centimeters height by 15.37 centimeters depth
• Weight: 468 grams

About this title

Synopsis

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.

About the Author

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