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dc.contributor.authorEliasson, Ann-Charlotteen_US
dc.contributor.authorTeräsvirta, Timoen_US
dc.date.accessioned2012-03-28T13:05:28Z-
dc.date.available2012-03-28T13:05:28Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/56178-
dc.description.abstractIn this note, we consider the contradiction between the fact that the best fit for the UK consumption data in Davidson et al. (1978) is obtained using an equation with an intercept but without an error correction term, whereas the equation with error correction and without the intercept has better post-sample forecasting properties than the former equation. This contradiction is explained and the two equations reconciled in a nonlinear framework by applying a smooth transition regression model to the data.en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 517en_US
dc.subject.jelC22en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordconsumption equationen_US
dc.subject.keywordmodel misspecification testingen_US
dc.subject.keywordnonlinearityen_US
dc.subject.keywordsmooth transition regressionen_US
dc.subject.stwKonsumtheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwFehlerkorrekturmodellen_US
dc.titleError correction in DHSYen_US
dc.typeWorking Paperen_US
dc.identifier.ppn35760377Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

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