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 Theorem310report