文章基本信息

标题：ECONOMETRIC METHODOLOGY II : STRENGTHENING TIME SERIES ANALYSIS
本地全文：下载
作者：Townsend, Rob F.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1998
出版社：Food Distribution Research Society
摘要：This article reviews some of the recent methodology developed for the analysis of time series data stressing that the statistical properties of the individual series need to be analysed to avoid spurious regressions. A convergence of econometric methodology is entertained with specific focus on cointegration and error correction models which allows the testing of long run relationships between variables and allows for a more dynamic structure than some of the previous models that appear in the literature. An example of this is the commonly used partial adjustment model in supply analysis which is nested in the less restrictive error correction model. Tests can be performed on the validity of these restrictions. These models have a wide application in agricultural economic analysis.