of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

with a double-procedure cointegration analysis based on the time-series methodologies of Toda and Yamamoto (1995) and Liu … countries and China for US investment flows. …

This paper examines the interdependence of income between China and ASEAN-5 countries by resorting to the time series … interdependence of income between China and ASEAN-5 countries. With the increasing interest of economic integration around the globe … especially the proposed China-ASEAN Free Trade Area (CAFTA), the interdependence and synchronization movements of income between …

The study estimates the dynamic demand for money (M2) function in Pakistan by employing cointegration analysis and …

and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit … Johansen cointegration rank test based on a VAR representation, which is also proved to be an adequate one via a set of …

transmission mechanism, we first establish a long-run relationship between the five countries using cointegration methods. As …