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• W2019259213 abstract "Writing in this journal, Sumner (2004) advocates use of long lag lengths when conducting co-integration tests. Replication of Sumner's consumption model suggests long lag lengths are a mis-specification: the true underlying model is periodic. We test for periodically distributed unit roots – unit roots that differ with the season and vary with past behaviour. Co-integration between income and consumption, based on a periodic error correction model, is rejected. A PADL specification is preferred for modelling the income–consumption relationship, using seasonally unadjusted data." @default.
• W2019259213 created "2016-06-24" @default.
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• W2019259213 creator A5081921313 @default.
• W2019259213 date "2009-01-28" @default.
• W2019259213 modified "2023-09-25" @default.
• W2019259213 title "Long lags or seasonal mis-specification? A note on co-integration testing and the consumption function" @default.
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• W2019259213 doi "https://doi.org/10.1080/13504850601018387" @default.
• W2019259213 hasPublicationYear "2009" @default.
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