Dittmann, Ingolf2004-12-062004-12-062000http://hdl.handle.net/2003/500410.17877/DE290R-15100This note provides a proof of Granger's (1986) error correction model for fractionally cointegrated variables and points out a necessary assumption that has not been notedbefore. Moreover, a simpler, alternative error correction model is proposed which can be employed to estimate fractionally cointegrated systems in three steps.enUniversitätsbibliothek Dortmunderror correction modelfractional cointegrationGranger Representation Theorem310Error Correction Models for Fractionally Cointegrated Time Seriesreport