26 0206:25-09-26 0206:25-09-26 08:34:35.000 0206:25-09-26 utf8 0 Oau Text txt Computermedien c Online-Ressource cr 1985090023 KXP 1985090023 eng rda 2026 September 2026 https://eprints.bbk.ac.uk/id/eprint/57876/1/BCAM_cover-prefilled_2604.pdf application/pdf H LF https://eprints.bbk.ac.uk/id/eprint/57876/ H LF XA-GB Testing the great ratios hypothesis with minimum distance estimation and bootstrap test under weak assumptions Kian Ong, Myoung-jae Lee 1815292164 Tpv3 gnd/1266474927 piz Ong Kian VerfasserIn aut 061077038 Tpv3 gnd/170928284 131766104 piz Lee Myoung-jae 1958 VerfasserIn aut London Birbeck Centre for Applied Macroeconomics 1 Online-Ressource (circa 56 Seiten) Illustrationen BCAM 26, 04 2026,4 192179206X Odv zdb/3211902-1 BCAM London Birbeck Centre for Applied Macroeconomics 2014 March 2014- 26, 04 FS great ratios hypothesis DE-206 FS over-identifying restrictions DE-206 FS minimum distanceestimation DE-206 FS fast double bootstrap DE-206 34 JEL C12 C33 E43 F62 The macro-economic literature found little evidence for the great ratios hypothesis (GRH) that certain long-run ratios are unity, until the System Pooled Mean Group (SPMG)�estimator pooled the ratios across equations and countries. However, SPMG does not test whether pooling is coherent with the data. In this paper, we use bivariate unrestricted error correction models to estimate equation- and country-specific ratios. Then we test for the poolability, using Minimum Distance Estimator (MDE) and its asymptotic and bootstrap tests. The tests support GRH mostly, and the MDE-pooled ratios are 0.9-1.1 at least in 6/8 relationships, except for two inflation-involved ratios. 26 PICA 25-09-26 25-09-26 08:34:35.000 utf8 25-09-26 7832 0206 5038372368 25-09-26 z1z DS 880 08