Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/85857 
Year of Publication: 
2001
Series/Report no.: 
Tinbergen Institute Discussion Paper No. 01-078/4
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
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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