Hall, S., Mizon, G.E. and Welfe, A.
Modelling economies in transition: an introduction. Southampton, UK, University of Southampton
(Discussion Papers in Economics and Econometrics 9919).
This paper considers the implications of structural breaks, such as have occurred in many transition economies, for econometric modelling based on the multivariate cointegration paradigm. It outlines recent developments on the identification of linear cointegrated systems, discusses some practical problems, and presents an extension to non-linear systems. This is followed by a discussion of the impact of structural breaks on the identification and estimation of such systems. Finally, it relates these issues to the other papers in this volume.
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