Co-integration, equilibrium and equilibrium correction are key concepts in modern applications of econometrics to real world problems. This book provides direction and guidance to the now vast literature facing students and graduate economists. Econometric theory is linked to practical issues such as how to identify equilibrium relationships, how to deal with structural breaks associated with regime changes and what to do when variables are of different orders of integration.
Bear is delivering a present to Mouse - but how can he get there? Bear takes whatever means of transport he can find: a bike, a lorry, a bus, a trolley - with lots of scrapes and japes along the way. It's going to be a very battered present by the time he reaches Mouse! A beautifully simple text paired with hilarious illustrations by Hannah Shaw, illustrator of The Disgusting Sandwich.
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