This paper re-examines the issues of integration and causality in US mortgage and T-bond markets by using the well-known cointegration and error correction methodology. It employs monthly data from January 1980 through June 1993. The unit root test reveals nonstationarity in 30-year nominal...

This paper applies multivariate cointegration methodology and vector error-correction models to investigate the factors that are likely to contribute to economic growth and employment in Bangladesh. This paper concludes that exports, FDI and external remittances enhance both economic growth and...

The primary purpose of this paper is to explore the long-run association among growths in US housing starts, real consumer debt, real GDP and the long-term real interest rate. To carry out this exploratory work, Johansen and Juselius (1990) vector cointegration procedure is applied. Monthly data...

The current study seeks to re-examine a possible long-run dynamic relationship between the trade-weighted real exchange rate of US dollar and US real trade balance by using the well-known cointegration methodology. The sample period includes observations from the second quarter of 1973 through...

This paper examines the role of the exchange rate in the determination of the slope of the nominal Treasury yield curve in the context of the U.S.A. Monthly data from June 1976 through June 2005 are utilized. This paper concludes that changes in the U.S. dollar value index significantly...

Bangladesh as a labour-surplus emerging small open economy emphasises export promotion and greater emigration to accelerate economic development and to improve import capacity by benefiting from remittances. The empirical results show both long-run and short-run positive and significant dynamic...

This paper employs cointegration and error correction models to examine the dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance. It uses quarterly data from 1973.I-1993.IV. The unit root tests reveal non-stationarity in both the variables. The ADF test fails to...

This paper investigates the long-run and short-run dynamics between capacity utilization and inflation in the USA by using cointegration and error-correction models. It employs monthly data from January 1984 to December 1994. Although each variable in level is found non-stationary by unit root...

This paper re-examines the dynamic casual nexus among real manufacturing wage rate, labour productivity and real GDP growth. Data from 1987 Q1 through 2011 Q2 are utilised by implementing the fairly standard cointegration methodology in a trivariate setting. All three variables are...

This paper studies the long-run and short-run dynamics between emigrants’ nominal inbound remittances in U.S. dollar term to Mexico and the Peso-Dollar nominal exchange rates. Relatively high frequency monthly data from January 1987 through December 2008 are employed. Given the comparatively...