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Boswijk, H. Peter
Year of Publication: 
Series/Report no.: 
Tinbergen Institute Discussion Paper 01-078/4
This paper provides a continuous record interpretation of the block local to unity asymptotics proposed recentlyby Phillips, Moon and Xiao (2001). It also demonstrates that in the case of homogeneous dynamics and a fixednumber of blocks, the new asymptotic approximation coincides with the conventional local to unity asymptoticapproximation.
Document Type: 
Working Paper

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