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फिलिप्स-औलियारिस अवशिष्ट-आधारित सह-एकीकरण परीक्षण×एकीकरण परीक्षण (जोहानसन / एंगल-ग्रेंजर)×
क्षेत्रअर्थमितिअर्थमिति
परिवारHypothesis testRegression model
उद्भव वर्ष19901988
प्रवर्तकPeter Phillips & Sam OuliarisEngle & Granger (1987); Johansen (1988)
प्रकारResidual-based nonparametric cointegration testTime-series cointegration test
मौलिक स्रोतPhillips, P. C. B., & Ouliaris, S. (1990). Asymptotic properties of residual based tests for cointegration. Econometrica, 58(1), 165–193. DOI ↗Johansen, S. (1988). Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12(2-3), 231-254. DOI ↗
उपनामPhillips-Ouliaris Cointegration Test, PO Residual-Based Test, Residual-Based Cointegration Test, Phillips-Ouliaris Eşbütünleşme TestiJohansen cointegration test, Engle-Granger cointegration test, long-run equilibrium test, Eşbütünleşme Testi (Johansen/Engle-Granger)
संबंधित25
सारांशThe Phillips-Ouliaris test, introduced by Phillips and Ouliaris in their 1990 Econometrica article, is a residual-based nonparametric procedure for testing the null hypothesis of no cointegration among a set of integrated I(1) time series. It corrects OLS residuals from a cointegrating regression for serial correlation and endogeneity using kernel-based long-run variance estimators, yielding two statistics—Z_alpha (variance-ratio) and Z_t (normalized coefficient)—whose asymptotic distributions are tabulated specifically for systems with multiple stochastic regressors.The cointegration test examines whether non-stationary time series that each contain a unit root share a stable long-run equilibrium relationship. The single-equation residual approach was introduced by Engle and Granger (1987) and the system-based rank approach by Johansen (1988).
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