Non-linear error correction, asymmetric adjustment and cointegration

This article links the intertemporal choice model with the non-linear error correction (NEC) model. It has three main components. First, it outlines a model of non-linear error correction, in which the linear error correction term α′ X t (the vector time series X t is cointegrated, α is the cointegr...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economic modelling 1998-04, Vol.15 (2), p.197-216
Hauptverfasser:	Escribano, Alvaro, Pfann, Gerard A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetric adjustment Cointegration analysis Corrections Data analysis Economic models Equilibrium models Error correction & detection Intertemporal optimization Modelling Multiple equilibria Non-linear error correction Non-linear models Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!