Introduction: Cointegration, Economic Equilibrium and the Long Run
The econometrician or statistician might be viewed as a forensic scientist, trying to detect from the splatter (of blood), a line through space from which it may be determined, how and by whom a crime was committed. The tools available to calculate and describe this evidence are estimators and tests, and then — conditional on the model selected — identification of the cause or the perpetrator of the crime.
KeywordsEurope Covariance Income Estima
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