Testing for Common Features: Comment

Danny Quah ()

Journal of Business & Economic Statistics, 1993, vol. 11, issue 4, 386-90

Abstract: I show that the Engle-Kozicki formulation of common features--applied to international business cycles--has some surprising, counterintuitive, and, I argue, undesirable implications. Such implications can be derived only on a case-by-case basis, however, and are necessarily specific to each application. Therefore, some attention to those possibilities might usefully accompany each application of the general common-features principle.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:bes:jnlbes:v:11:y:1993:i:4:p:386-90

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