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ralph lauren polo

Montserrat Ferré
''The Johansen Test and the Transitivity Property''
( 2004, Vol. 3 No.27 )
Sometimes two variables Y and Z are each cointegrated with another variable X, but Y and Z do not appear to be cointegrated with each other. This article provides a possible explanation why this might happen.
Keywords: cointegration
JEL: C1 - Econometric and Statistical Methods: General
Manuscript Received : Jul 22 2004 Manuscript Accepted : Jul 25 2004

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