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cointegration and error correction model methodology. The results suggest that a stable long-run relationship exist between real M2 …
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The present paper tests for the validity of long-run purchasing power parity (PPP) for the three key currencies of the recent floating exchange rate period, the US dollar, the German mark and the Japanese yen. The novelty of the paper is that the validity of the PPP conditions relating the...
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that the model be congruent and encompassing, and hence exogeneity, causality, cointegration, co-breaking, and invariance …
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testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms …
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1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …
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