expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively … for the case of Cyprus using annual data from 1980 to 2009. Collectively, empirical results imply that public spending … promotes economic development in Cyprus. However, deficit financing by the government causes more liquidity effects but also …

best test to be used jointly with a restriction test on self-cointegration is a modified version of the Dickey-Fuller test …

This paper presents and exemplifies results developed for cointegration analysis with state space models by Bauer and … Wagner in a series of papers. Unit root processes, cointegration and polynomial cointegration are defined. Based upon these … employed for cointegration analysis. By means of detailing the cases most relevant for empirical applications, the I(1), MFI(1 …

cointegration between the nominal exchange rate and the relative prices. In particular, the Argentinean RER appears to be trend …

Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the …

government revenue and government expenditure in Iran by applying the bounds testing approach to cointegration. The results of …

exports affect economic growth via increases in productivity, the study uses Johansen cointegration technique. The estimation …