Nonparametric cointegration analysis



Separate Appendix to:
NONPARAMETRIC COINTEGRATION ANALYSIS
by Herman J.Bierens

Following Phillips (1987), we use throughout this appendix the symbol "" to indicate weak
convergence (cf. Billingsley 1968), convergence in distribution, or convergence in probability.
From the context it will be clear which mode of convergence applies.

Proof of Lemma 1: Denoting the partial sums associated with vt and wt by

[χn ]

Snv(χ) = 0 i [0,n ^1); Snv(χ) = vtif χ [n ^1,1L
t= 1

(A.1)


[xn ]

Snw(χ) = 0 i [0,n l) Snw(χ) = ∑ft ifχ [n^1,ι].

t=1

respectively, it follows easily that

( A

Snv


vf
Sn
V √


D (1)J


W,


(A.2)


where W is a q-variate standard Wiener process. Next, denote the partial sums associated with
zt and zt by

[χn ]

Sn(χ) = 0 if χ [0,n 1); Sn(χ) = ∑-χ if χ [n ^1,1],
t= 1
[χn]

(A.3)


s^δ(χ) = 0 if χ [0,n 1); Snz(χ) = ∑∆ztif χ [η ^1,1L
t=1

respectively. Then it follows from (3) and (A.2) that

37



More intriguing information

1. The name is absent
2. The name is absent
3. Are Public Investment Efficient in Creating Capital Stocks in Developing Countries?
4. The name is absent
5. How does an infant acquire the ability of joint attention?: A Constructive Approach
6. Parent child interaction in Nigerian families: conversation analysis, context and culture
7. Testing the Information Matrix Equality with Robust Estimators
8. Conservation Payments, Liquidity Constraints and Off-Farm Labor: Impact of the Grain for Green Program on Rural Households in China
9. SME'S SUPPORT AND REGIONAL POLICY IN EU - THE NORTE-LITORAL PORTUGUESE EXPERIENCE
10. Informal Labour and Credit Markets: A Survey.
11. The magnitude and Cyclical Behavior of Financial Market Frictions
12. Olfactory Neuroblastoma: Diagnostic Difficulty
13. 09-01 "Resources, Rules and International Political Economy: The Politics of Development in the WTO"
14. The name is absent
15. The name is absent
16. THE ANDEAN PRICE BAND SYSTEM: EFFECTS ON PRICES, PROTECTION AND PRODUCER WELFARE
17. Social Balance Theory
18. The name is absent
19. ISSUES AND PROBLEMS OF IMMEDIATE CONCERN
20. Personal Income Tax Elasticity in Turkey: 1975-2005