Junk Econometrics [was School vouchers]

Doug Henwood dhenwood at panix.com
Mon Mar 22 17:14:09 PST 1999

J. Barkley Rosser, Jr. wrote:

> I would agree that cointegration is currently considered
>to be somewhat more advanced and sophisticated than
>Granger tests. I would say that they are subject to most of
>the same limitations that Granger tests are. One thing that
>they avoid is that they are not labeled with a philosophically
>loaded and provocative name like "causality" which has
>caused more trouble and fuss over the Granger tests than
>they are worth.

Ok, so what's the story on cointegration?


More information about the lbo-talk mailing list