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This paper develops three asymptotically equivalent tests for examining the validity of imposing linear inequality restrictions on the parameters of linear econometric models. First we consider the ...
This paper considers a general nonlinear econometric model framework that contains a large class of estimators defined as solutions to optimization problems. For this framework we derive several a...
Standard inference in cointegrating models is fragile because it relies on an assumption of an I (1) model for the common stochastic trends, which may not accurately describe the dataís persistence. T...
Many economic models imply that ratios, simple differences, or "spreads" of variables are I(O). In these models, cointegrating vectors are composed of l's, O's, and - l's and ...
Cointegrated multiple time series share at least one common trend. Two tests are developed for the number of common stochastic trends (i.e., for the order of cointegration) i...
We discuss the problem of testing for constant versus time varying regression coefficients. Our alternative hypothesis allows the coefficients to follow a stationary AR(1) process...

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