Cheng, Benjamin S.; Yigletu, Ashagre - In: New York Economic Review 31 (2000) 1, pp. 15-26
Applying Hsiao's version of the Granger causality method, this paper reexamines the causality between nominal expenditures and revenues in the United States for the 1946-96 period in a multivariate framework. Both the Engle-Granger two-step and Johansen canonical cointegration tests are...