Publications
Detailed Information
Measuring the Length of Period for the Long-Run Equilibrium in a Cointegration Relation
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, JaeYoung | - |
dc.date.accessioned | 2009-01-29 | - |
dc.date.available | 2009-01-29 | - |
dc.date.issued | 2003-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.16 No.1, pp. 71-80 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1293 | - |
dc.description.abstract | In economics the period of "long-run" often signifies the length of time within which transient fluctuations disappear, and a system comes back to an equilibrium state (or path). Among some interesting cases of long run analysis, the concept of cointegration is a relatively new concept of the long run equilibrium. This paper discusses how to determine the length of the long-run period for a cointegration relation. In an application to a consumption-income relation for three countries. U.S., Germany and Japan, we found that the length of the long-run period for the relation for these countries is about two to three years. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | long run equilibrium | - |
dc.subject | cointegration | - |
dc.subject | consumption-income relation | - |
dc.title | Measuring the Length of Period for the Long-Run Equilibrium in a Cointegration Relation | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 김재영 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 80 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 71-80 | - |
dc.citation.startpage | 71 | - |
dc.citation.volume | 16 | - |
- Appears in Collections:
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.