Schlagwort: Asymmetric error correction models
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Asymmetric Error Correction Models - some Comments and Improvements
In this essay the method to estimate asymmetric relations with error correction models by splitting the error correction term u[t-1] in [+] u[t-1] and [-] u[t-1] , proposed by Granger and Lee (1989), (...)
Estimation of short- and long-term irreversible Relations
In practice, long-term and short-term irreversible reactions for example of demand due to changes in prices, advertising expenditures, etc. are more important than is commonly assumed in economic (...)