Rao, Bhaskara B. (2007) Estimating short and long-run relationships: a guide for the applied economist. Applied Economics, 39 (12). pp. 1613-1625. ISSN 0003-6846
Full text not available from this repository.Abstract
Many applied economists face problems in selecting an appropriate technique to estimate short and long-run relationships with the time series methods. This article reviews three alternative approaches viz., general to specific, vector autoregressions and the vector error correction models. As in other methodological controversies, definite answers are difficult. It is suggested that if these techniques are seen as tools to summarize data, as in Smith (2000), often there maybe only minor differences in their estimates. Therefore a computationally attractive technique is likely to be popular.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Business and Economics (FBE) > School of Economics |
| Depositing User: | Ms Mereoni Camailakeba |
| Date Deposited: | 19 Jan 2007 23:29 |
| Last Modified: | 29 Aug 2012 05:00 |
| URI: | https://repository.usp.ac.fj/id/eprint/67 |
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