Rational and polynomial lags : The finite connection

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dc.contributor.author Pagan, Adrian en_US
dc.contributor.editor en_US
dc.date.accessioned 2011-02-07T06:25:49Z
dc.date.available 2011-02-07T06:25:49Z
dc.date.issued 1978 en_US
dc.identifier 2009004299 en_US
dc.identifier.citation Pagan Adrian 1978, 'Rational and polynomial lags : The finite connection', Elsevier Science Publishers B.V., vol. 8, no. 2, pp. 247-254. en_US
dc.identifier.issn 0304-4076 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/13897
dc.description.abstract This article demonstrates that, for a finite distributed lag, the polynomial distributed lag (PDL) approximation suggested by Almon is a special case of the rational lag method formalized by Jorgenson. The proof relies upon the fact that the PDL estimator imposes differencing restrictions upon the parameters while rational lag methods impose quasi-differncing restrictions. Because of this relationship, the PDL restrictions are nested inside the rational lag ones, and this provides for a sequence of tests to discriminate between the two. An example is performed and an appendix describes an asymptotically efficient two-step estimator en_US
dc.language en_US
dc.publisher Elsevier Science Publishers B.V. en_US
dc.title Rational and polynomial lags : The finite connection en_US
dc.parent Journal of Econometrics en_US
dc.journal.volume 8 en_US
dc.journal.number 2 en_US
dc.publocation Amsterdam en_US
dc.identifier.startpage 247 en_US
dc.identifier.endpage 254 en_US
dc.cauo.name BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140300 en_US
dc.personcode 100844 en_US
dc.percentage 100 en_US
dc.classification.name Econometrics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.staffid en_US
dc.staffid 100844 en_US

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