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by a variety of tests of cointegration using time-series as well as panel data. …
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We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil prices sample is incorporated. To obtain robust empirical findings, we use different test and estimation methods as well as address small-sample bias issues in the extended...
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cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and …
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used to perform a unit root test and determine the order of integration, followed by cointegration analysis to determine …
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