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Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in...
Persistent link: https://www.econbiz.de/10005396218
1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …
Persistent link: https://www.econbiz.de/10005396225
The relationship between cointegration and error correction models (EC) is well characterized in a linear context, but …
Persistent link: https://www.econbiz.de/10005396382
The recent controversy over the excessive deficit procedure in Germany and France has reopened the discussion over the long run sustainability of fiscal policies. This paper tests the hypothesis of stainability in a group of six EU countries, with an econometric methodology allowing the...
Persistent link: https://www.econbiz.de/10005398707
The export-led growth hypothesis is analysed for Argentina, Brazil, and Mexico using cointegration and causality … techniques. Cointegration is found for Argentina and Mexico in both a pre-break and post-break period, where the break is related …
Persistent link: https://www.econbiz.de/10005510164
and Togo. This investigation is based on Johansen cointegration approach and Granger causality tests. The findings suggest …
Persistent link: https://www.econbiz.de/10005510369
This study examines the competitiveness of four Canadian agricultural industries (eggs, milk, chicken and turkey) using a general equilibrium farm to retail pricing model developed by Wohlgenant (1989). The model generates retail and farm pricing equations that are estimated using maximum...
Persistent link: https://www.econbiz.de/10005511072
1978-2005 using a cointegration procedure developed by Gregory and Hansen (1996) that allows for the presence of a one …
Persistent link: https://www.econbiz.de/10005511687
In this paper we propose residual-based tests for the null hypothesis of cointegration with a structural break against … the alternative of no cointegration. The Lagrange Multiplier (LM) test is proposed and its limiting distribution is …
Persistent link: https://www.econbiz.de/10005511909
investigate the relationships between separation in cointegration and separation in serial correlation common features. Loosely …
Persistent link: https://www.econbiz.de/10005511931