Banerjee, Prashanta K.; Rahman, Matiur - In: International Journal of Trade and Global Markets 4 (2011) 1, pp. 13-24
This paper re-examines the role of equity and corporate bond financing in spurring US economic growth. Annual data from 1960 through 2008 are utilised. The variables in levels are non-stationary with different orders of integration. Thus, the Autoregressive Distributed Lag (ARDL) procedure is...
