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dc.contributor.authorEliasson, Ann-Charlotteen
dc.contributor.authorTeräsvirta, Timoen
dc.date.accessioned2012-03-28T13:05:28Z-
dc.date.available2012-03-28T13:05:28Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x517en
dc.subject.jelC22en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordconsumption equationen
dc.subject.keywordmodel misspecification testingen
dc.subject.keywordnonlinearityen
dc.subject.keywordsmooth transition regressionen
dc.subject.stwKonsumtheorieen
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwFehlerkorrekturmodellen
dc.titleError correction in DHSY-
dc.typeWorking Paperen
dc.identifier.ppn35760377Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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