Rethinking Error Correction Model in Macroeconometric analysis: A Relevant Review
Journal Title: Journal of Economics, Finance and Management Studies - Year 2020, Vol 3, Issue 05
Abstract
The cointégration methodology has bridged the growing gap between economists and econometricians in understanding dynamics, equilibrium and bias on the reliability of macroeconomic and financial analysis, which is subject to nonstationary behavior. This paper proposes a comprehensive literature review on the relevance of the error correction model. Econometricians and economists have shown that error-correction model is a powerful machine that provides the economic system and macroeconomic policy with a refinement in the econometric results1.
Authors and Affiliations
Christian P. Pinshi
Keywords
Related Articles
- EP ID EP683952
- DOI -
- Views 422
- Downloads 0
The Effect of Intellectual Capital, Firm Size, and Capital Structure on Financial Performance Mediated by Exchange Rate in Personal Care and Household Companies
This study aims to examine the effect of intellectual capital (VAICTM), firm size (Ln(TA)), and capital structure (DER) on financial performance (ROA) mediated by exchange rate in personal care and household companies li...
Generation Z’s Travel Trend and Behavior: A Systematic Literature Review
The study was conducted to review the works related to the travel trends and behavior of Generation Z published by reputable publishers from 2012 to 2022. The data was searched and analyzed on the website www.lens.org an...
The Existence of Subak in Responding To the Challenges of Globalization
This study describes the existence of subak as a traditional agricultural irrigation system in Bali in maintaining its existence in the midst of the rapidly changing issue of globalism. The challenge for Subak in the fut...
Marketing Strategy in Increasing Sales using he Boston Consulting Group Method and Swot Analysis in the Sari Honey Company Sedana Badung, Bali-Indonesia
Honey bee cultivation has long been known to people in Indonesia. Honey is an agricultural product that has high benefits and economic value. Indonesia's fertile natural conditions allow the growth of various types of pl...
Relationship between Export Diversification and Economic Growth, Case of Tunisia (1987-2015)
If in the empirical literature, the postive relationship between divisification of exports and growth has been detected. However, this relationship does not always come out. As an indication and as we have argued, Micha...