000263762 001__ 263762
000263762 005__ 20180123012000.0
000263762 037__ $$a2008-2017-4881
000263762 041__ $$aeng
000263762 245__ $$aPeriodic Integration & Cointegration: With Applications to the New Zealand Aggregate Consumption Functions
000263762 260__ $$c1994
000263762 269__ $$a1994-11-01
000263762 300__ $$a34
000263762 336__ $$aWorking or Discussion Paper
000263762 490__ $$a9405
000263762 520__ $$aThis study addresses the theory and application of periodic integration and cointegration. A strategy for testing for periodic integration, originally proposed by Osborn et al. (1988) is further developed and, along with the Vector of Quarters test (Franses (1994)), is applied to aggregate New Zealand consumption and disposable income data. Consumption is found to be possibly periodically integrated while income appears to be seasonally integrated. Where appropriate, the bootstrap technique is used to simulate critical values for these tests. A representation for a bivariate periodic cointegration model, including its associated error correction mechanism, is derived. However, because of limited degrees of freedom, a parsimonious approximation is proposed. This is applied to the New Zealand aggregate consumption function and its results briefly compared to those from a non-periodic cointegration model. Neither model is found to be superior in all respects.
000263762 542__ $$fBy depositing this Content ('Content') in AgEcon Search, I agree that  I am solely responsible for any consequences of uploading this Content to AgEcon Search and making it publicly available, and I represent and warrant that: I am either the sole creator and the owner of the copyrights and all other rights in the Content; or, without obtaining another’s permission, I have the right to deposit the Content in an archive such as AgEcon Search. To the extent that any portions of the Content are not my own creation, they are used with the copyright holder’s express permission or as permitted by law. Additionally, the Content does not infringe the copyrights or other intellectual property rights of another, nor does the Content violate any laws or another’s rights of privacy or publicity. The Content contains no restricted, private, confidential, or otherwise protected data or information that should not be publicly shared. I understand that AgEcon Search will do its best to provide perpetual access to my Content. In order to support these efforts, I grant the Regents of the University of Minnesota ('University'), through AgEcon Search, the following non-exclusive, irrevocable, royalty-free, world-wide rights and licenses: to access, reproduce, distribute and publicly display the Content, in whole or in part, in order to secure, preserve and make it publicly available, and to make derivative works based upon the Content in order to migrate the Content to other media or formats, or to preserve its public access. These terms do not transfer ownership of the copyright(s) in the Content. These terms only grant to the University the limited license outlined above.
000263762 546__ $$aEnglish
000263762 650__ $$aResearch Methods/ Statistical Methods
000263762 700__ $$aHarrison, Robin
000263762 700__ $$aSmith, Aaron
000263762 8560_ $$folso6908@umn.edu
000263762 8564_ $$s2844894$$uhttp://ageconsearch.umn.edu/record/263762/files/canterbury-nz-078.pdf
000263762 8564_ $$s4663547$$uhttp://ageconsearch.umn.edu/record/263762/files/canterbury-nz-078.pdf?subformat=pdfa$$xpdfa
000263762 909CO $$ooai:ageconsearch.umn.edu:263762$$pGLOBAL_SET
000263762 980__ $$a2008