Jiranyakul, Komain - 2014
). We use the model specification of Stock and Watson (1993) and Ball (2001). Our estimation techniques include the dynamic … ordinary least squares (DOLS) and Johansen cointegration test. The results show that the DOLS procedure is not applicable for … our data set. However, the results from Johansen cointegration test reveal that there is only a long-run relationship …