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| Carlos Santos |
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| ''A pitfall in joint stationarity, weak exogeneity and autoregressive distributed lag models'' |
| ( 2007, Vol. 3 No.53 ) |
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| We prove weak exogeneity is an not an impossibility with an ADL structure in the marginal and in the conditional. We show that joint stationarity requirements is driving such common belief |
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| Keywords: weak exogeneity joint stationarity conditional models ADL models variation free |
JEL: C5 - Econometric Modeling: General
C2 - Single Equation Models; Single Variables: General |
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| Manuscript Received : Oct 18 2007 | | Manuscript Accepted : Oct 18 2007 |
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