The cointégration methodology has bridged the growing gap between economists and econometricians in
understanding dynamics, equilibrium and bias on the reliability of macroeconomic and financial analysis, which is subject to nonstationary
behavior. This paper proposes a comprehensive literature review on the relevance of the error correction model.
Econometricians and economists have shown that error-correction model is a powerful machine that provides the economic
system and macroeconomic policy with a refinement in the econometric results1.
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Author Name: Christian P. Pinshi
URL: View PDF
Keywords: Cointegration, Error correction model, Macroeconomics
ISSN: 2644-0490
EISSN: 2644-0504
EOI/DOI:
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