To invite the readers to the present book we begin Section 1.1 with what has motivated the authors to study the relations among deterministic trends. The rest of this section consists of an expository explanation of co-trending and presentation of highlights of the authors’ results. In Section 1.2 the literature on the relations among trends will be reviewed. We have explored a number of different approaches before settling on the one in this book, and they are discussed briefly in Section 1.3. The mathematical notations are assembled in Section 1.4.


Business Cycle Break Point Parametric Approach Cointegration Vector Stochastic Trend 
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Copyright information

© Springer-Verlag Tokyo 2003

Authors and Affiliations

  • Michio Hatanaka
    • 1
  • Hiroshi Yamada
    • 2
  1. 1.Osaka UniversityKita-machi, Musashino, TokyoJapan
  2. 2.Faculty of EconomicsHiroshima UniversityHigashi-Hiroshima, HiroshimaJapan

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