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The paper empirically analyzes, in the Romania’s case, the cointegration and causality between electricity consumption …
Persistent link: https://www.econbiz.de/10008866122
-2009. For this purpose, ARDL bounds testing approach is used to examine cointegration between the variables. ADF, P-P and ADF … indicate cointegration which confirms long run relationship between military expenditures, external debt, economic growth and …
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) and Lee and Strazicich, (2003) structural unit root tests and ARDL bounds testing approach to cointegration in augmented …
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applying ARDL bounds testing approach to cointegration for long run and error correction method for short span of time …. Empirical evidence suggests a stable cointegration relationship between defence spending and economic growth. An increase in …
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bounds testing approach to cointegration is applied to examine long run relationship between the variables. The direction of …
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cointegration among variables. Stationarity issue is investigated by Ng-Perron unit root test. The results show that financial …
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