Alternative representations for cointegrated panels with global stochastic trends

C. Gengenbach, J.R.Y.J. Urbain*, J. Westerlund

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


In this paper, we consider a cointegrated panel data model with non-stationary common factors, which, because of its appeal in many economic applications, has received much attention in the recent literature. By deriving a Granger-type representation theorem, we obtain several equivalent model formulations, which have differing merits for empirical work. (C) 2013 Elsevier B.V. All rights reserved.

Original languageEnglish
Pages (from-to)485-488
Number of pages4
JournalEconomics Letters
Issue number3
Publication statusPublished - Mar 2013


  • Representation
  • Panel cointegration
  • Error correction
  • Common factors

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