). Our estimation techniques include Johansen cointegration test and the dynamic ordinary least squares (DOLS). We find that … the DOLS procedure is not applicable for our data set. However, our results from Johansen cointegration test reveal that …

cointegration test. The results show that U.S. dollar real exchange rate does not affect the economy’s industrial production index …

: variance bounds test, equity price bubbles test, and cointegration tests. The results from the variance bounds tests show that … West’s two-step test. There is no cointegration between stock prices and dividends from the results of both Engle …-Granger cointegration test and the bounds testing for cointegration. The divergence of stock prices from their fundamental value and no …

of the prices and output equations show that cointegration of the general price level, money stock and aggregate output …

monthly data from January 2000 to July 2011. The results from bounds testing for cointegration show that there exists long …