cointegration analysis and proposing some Vector Autoregressive models. Finally, we asses the cointegration between the interbank …

cointegration relationships between investment and saving flows of European Union members were tested. Three different cointegration … techniques were applied to the data. Firstly, the Johansen (1988) cointegration approach was used for the case of no … cointegration shifts, then the Gregory and Hansen (1996) cointegration test was applied, which allows for one structural shift …

presence of structural breaks in series. In order to test the cointegration relationships of series, three different … cointegration techniques were applied to the data. First, the Gregory and Hansen (1996) cointegration test was applied, which allows … for one structural shift; then, for cases where two breaks were detected, the Hatemi-J (2008) cointegration test was …

employing the OLS and FMOLS procedures. To test the cointegration relationships between investment and saving flows of Russia …, three different cointegration tests were applied to the data. First applied was the Gregory and Hansen (1996) cointegration …) cointegration test was employed. Finally, for a case where more than two breaks are detected, the Maki (2012) cointegration test …