) approach to cointegration analysis. The empirical results show that there is a unique cointegrated and stable long …

) approach to cointegration analysis. The empirical results show that there is a unique cointegrated and stable long …

procedure for cointegration within the autoregressive distributed lag (ARDL) framework to search for the stability of money … that the money demand function is stable over the analysis period. However, the evidence of rolling ARDL cointegration test … rolling cointegration test to re-investigate the stability of money demand function in Japan. …

-2007 and the Hansen (1992) and Gregory Hansen (1996) co-integration approaches with structural break. Results of the Gregory … Hansen (1996) cointegration analysis show the presence of cointegration in demand for money, real GDP and nominal interest …

are deduced using Granger causality, Johansen cointegration, error correction term causality tests and FMOLS estimates …