SHERP

Measuring the Length of Period for the Long-Run Equilibrium in a Cointegration Relation

DC Field Value Language
dc.contributor.authorKim, JaeYoung-
dc.date.accessioned2009-01-29-
dc.date.available2009-01-29-
dc.date.issued2003-
dc.identifier.citationSeoul Journal of Economics 16 (No. 1 2003): 71-80en
dc.identifier.issn1225-0279-
dc.identifier.urihttp://hdl.handle.net/10371/1293-
dc.description.abstractIn 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.isoenen
dc.publisherSeoul Journal of Economicsen
dc.subjectlong run equilibriumen
dc.subjectcointegrationen
dc.subjectconsumption-income relationen
dc.titleMeasuring the Length of Period for the Long-Run Equilibrium in a Cointegration Relationen
dc.typeSNU Journalen
dc.contributor.AlternativeAuthor김재영-
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.16(1) (Spring 2003)
Files in This Item:
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse