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- W2002945942 abstract "The concept of cointegration, defined as long-run relationship between two or more random-walk variables, has spread widely in economics. Many methods have been offered for estimating the cointergrating parameter and its sampling distribution. Many of these estimations, while consistent, are biased, and have been criticized for reliance on asymptotic theory in samples which usually are of moderate size. We apply the double-bootstrap method to this problem. Specifically, we consider the cointegration between GNP and aggregate consumption, and study the marginal propensity to consume and the Keynesian multiplier." @default.
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- W2002945942 date "1995-01-01" @default.
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- W2002945942 title "Estimating cointegration parameters: an application of the double bootstrap" @default.
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- W2002945942 doi "https://doi.org/10.1016/0378-3758(94)00015-n" @default.
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