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Regime-switching Vector Error Correction Model (VECM) analysis of UK meat consumption

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Kostov, Phillip ORCID: 0000-0002-4899-3908 and Lingard, John (2004) Regime-switching Vector Error Correction Model (VECM) analysis of UK meat consumption. Working Paper. University Library LMU. (Unpublished)

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Official URL: http://ideas.repec.org/p/wpa/wuwpem/0409007.html

Abstract

The asymptotic distributions of cointegration tests are approximated using the Gamma distribution. The tests considered are for the I(1), the conditional I(1), as well as the I(2) model. Formulae for the parameters of the Gamma distributions are derived from response surfaces. The resulting approximation is flexible, easy to implement and more accurate than the standard tables previously published.

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