We propose residual based tests for cointegration using local GLS detrending (Elliott, Rothemberg and Stock, 1996, ERS) applied separately to each variable of the system. We consider two cases, one where only a constant is included and one where a constant and a time trend are included. We derive the asymptotic distribution of a feasible point optimal test which allows us to derive the power en...

In this paper, we introduce and study a class of generalized nonlinear vector quasi-variationallike inequalities with set-valued mappings in Hausdorff topological vector spaces which includes generalized nonlinear mixed variational-like inequalities, generalized vector quasi-variational-like inequalities, generalizedmixed quasi-variational-like inequalities and so on. Bymeans of fixed point the...

In this paper, we introduce and study the system of generalized vector quasi-variational-like inequalities in Hausdorff topological vector spaces. By means of fixed point theorem, we obtain existence theorem for the system of generalized vector quasi-variational-like inequalities and also derive the existence result of solutions for the generalized vector quasi-variational-like inequalities. Ke...