Co-integration, equilibrium and equilibrium correction are key concepts in modern applications of econometrics to real world problems. This book provides direction and guidance to the now vast literature facing students and graduate economists. Econometric theory is linked to practical issues such as how to identify equilibrium relationships, how to deal with structural breaks associated with regime changes and what to do when variables are of different orders of integration.
Developed by New Zealand reading specialist and author, Pam Holden, this exciting reading program offers an extensive range of illustrated fiction and photographic non-fiction titles at graded levels. Red Rocket Readers offer a carefully controlled sequence of challenges throughout the levels to ensure students progress with confidence and enthusiasm.
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