In a word, the test for intrinsic rationalbubbles is the best method in all of these four tests and the specification test is the next.
因此,在四种检验方法中,内在性泡沫检验最优良,设定检验方法其次,单位根检验和协整检验可作为补充。
2
Papers on assets bubbles mainly broke into two lines; one is based on rational expectation and named rationalbubbles; the other is based on behavioral finance.