Lectures on by Søren Johansen Department of Economics ...
Lectures on by Søren Johansen Department of Economics ...
Lectures on by Søren Johansen Department of Economics ...
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12<br />
A partial model for (T t ; h t ) c<strong>on</strong>diti<strong>on</strong>al <strong>on</strong> the forcing (weakly exogenous) variables<br />
W MGG (CO2 and Methan) and Aerosols (Sulphate)<br />
<br />
Tt<br />
= 0 Tt 1<br />
h<br />
1 + 0 W MGGt 1<br />
t h<br />
2<br />
+ + "<br />
t 1 Aerosol t<br />
t 1<br />
Cointegrating relati<strong>on</strong><br />
^ 0 x t = T t 0:0065<br />
(t= 3:52) h t 0:768<br />
(t=4:68) wmgg t 1:478<br />
(t=3:51) aerosol t
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