A long-run structural model of the UK

Anthony Garratt, Kevin Lee, M. Hashem Pesaran and Yongcheol Shin

in Global and National Macroeconometric Modelling

Published in print August 2006 | ISBN: 9780199296859
Published online September 2006 | e-ISBN: 9780191603853 | DOI:
 A long-run structural model of the UK

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics


Show Summary Details


This chapter describes the empirical work underlying the construction of the UK model, discusses the results obtained from testing its long-run properties, and compares the model with benchmark univariate models of the variables. The description of the modelling work not only provides one of the first examples of the use of the long-run structural cointegrating VAR techniques in an applied context, but it also includes a discussion of bootstrap experiments designed to investigate the small-sample properties of the tests employed.

Keywords: macroeconomic model estimation; long-run restrictions testing; diagnostic testing; small sample tests

Chapter.  10629 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.