Cointegration and aggregation

Gonzalo, Jesús

Cointegration and aggregation

Autor(es): Gonzalo, Jesús

Editorial: Elsevier

Fecha de edición: 1993-09

Cita: Ricerche Economiche, September 1993, vol. 47, nº 3, p. 281-291

ISSN: 0035-5041

Revisado: PeerReviewed

Palabras clave: Aggregation , Cointegration , Common factors

URI: http://hdl.handle.net/10016/740

Derechos: © Elsevier

Resumen:

This paper explores the conditions under which cointegration at the micro level implies cointegration at the macro level and vice versa. The aggregation conditions considered in this paper are in terms of common factors assumptions rather than the representati [+]

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