{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,18]],"date-time":"2026-08-18T15:05:21Z","timestamp":1787065521903,"version":"build-2736575974"},"reference-count":24,"publisher":"Wiley","issue":"4","license":[{"start":{"date-parts":[[2006,8,8]],"date-time":"2006-08-08T00:00:00Z","timestamp":1154995200000},"content-version":"vor","delay-in-days":5820,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[1990,9]]},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>This paper investigates the long\u2010run relationships within a set of six quarterly time\u2010series on the Austrian economy by means of cointegration. After analysing the univariate properties, especially with respect to the appropriate seasonal filter, the maximum\u2010likelihood method proposed by Johansen (1988) is applied to estimate and test the cointegrating relationships. We found three such relations, implying that the system is driven by three independent stochastic time trends. In a next stage we investigate whether the empirically determined cointegrating relationships are compatible with implications derived from the neoclassical growth model with exogenous stochastic technical progress. It is found that the Austrian data strongly reject the propositions that the real interest rate and the log ratios of consumption to output, investment to output, and the real gross wage sum to output are stationary.<\/jats:p>","DOI":"10.1002\/jae.3950050404","type":"journal-article","created":{"date-parts":[[2007,7,12]],"date-time":"2007-07-12T10:57:25Z","timestamp":1184237845000},"page":"351-365","source":"Crossref","is-referenced-by-count":38,"title":["Cointegration in a macroeconomic system"],"prefix":"10.1002","volume":"5","author":[{"given":"Robert","family":"Kunst","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Klaus","family":"Neusser","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2006,8,8]]},"reference":[{"key":"e_1_2_1_2_1","doi-asserted-by":"publisher","DOI":"10.1093\/biomet\/64.2.355"},{"key":"e_1_2_1_3_1","first-page":"427","article-title":"Distribution of the estimator for autoregressive time series with a unit roo","volume":"74","author":"Dickey D. 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