... The empirical investigation is conducted by employing the autoregressive distributed lag (ARDL) bounds testing approach to cointegration. Findings Results presented indicate a stable demand for both definitions of money only when EPU is included as one of the determinants of demand function. The EPU imposes...

... and frequency variant approaches in this dynamic. Design/methodology/approach The authors examine bank deposit rates where multiple variables jointly interact, and the integration is time and frequency variant. The study applies both cointegration and wavelet coherence methods and conducts a comparative...

.... In particular, the author investigates synchronization by analyzing the short- and long-run dynamics of the real effective exchange rates of Canada, Mexico and the US for 2008–2019. Design/methodology/approach The author first employs stationarity and cointegration tests to specify and estimate the long-run...

... and population). Design/methodology/approach Using fractional integration and cointegration methods, this paper deals with the analysis of the relationship between GDP and population using historical data. Findings The authors’ results show first that the two series are highly persistent, presenting...

... 4 . Concluding remarks and implications for policy are provided in Section 5 . Housing market Economic activities Cointegration Republic of Cyprus Sporadic scholarly studies have continued to reveal intriguing behavioral trends associated with economic activities...

...Ferda Halicioglu; Natalya Ketenci Purpose The purpose of this paper is to empirically test the validity of the productivity bias hypothesis (PBH) in 18 Middle East countries. Design/methodology/approach The paper employs autoregressive-distributed lag approach to cointegration approach...

... the relationship between domestic credit and net foreign liabilities in the EU countries most affected by the crisis. Design/methodology/approach The analyses show that domestic credit and net foreign liabilities were cointegrated one-to-one for Greece, Italy, Portugal and Spain, while...

...Ansgar Belke; Jonas Keil Purpose – The purpose of this paper is to analyse the effect of financial integration on several macroeconomic variables from a global perspective. Design/methodology/approach – The authors apply a cointegrated vector autoregression model using quarterly data...

... addition to the J-Curve literature. Dr Nazif Durmaz can be contacted at: durmazn@uhv.edu © Emerald Group Publishing Limited 2015 Turkey ARDL Cointegration Trade balance J-curve It is widely well-known that, for a fall in the value of any country’s currency to increase...

... Limited 2015 Money supply Inflation Cointegration Dollarization Money demand Dollarization is a common economic feature across many developing and emerging economies. A remarkable characteristic of this phenomenon is not only its growth over time, but also its irreversibility...

.../approach – The paper employs bounds testing cointegration procedure and augmented causality tests. Findings – The econometric results reveal that the leading cause of obesity is urbanization which is followed by the increasing availability of fast and convenience foods with high energy density...

... demand function for Turkey. Originality/value The empirical application of Nymblom type stability tests on cointegrated VAR money demand systems is very recent and to the authors' knowledge there has been no application of this methodology on emerging market economies. Therefore, this paper extends...

... Emerald Group Publishing Limited 2013 Real exchange rate Real oil price Reserve differential Productivity differential Real interest rate differential Misalignment Economic growth Cointegration Variance decomposition Malaysia Exchange rates There is a growing literature on real...

... hypothesise that an increase in infrastructure has an indirect effect on output by raising productivity. To assess this theory, the traditional Johansen methodology was used for testing the cointegration between TFP and physical measures of infrastructure stock, such as energy, roads, and telephones...

... their behavior. This paper aims to evaluate the importance of several macroeconomic indicators on the flow of remittances from the USA to El Salvador. Design/methodology/approach The analysis considers cointegration and common cycle tests. It includes as explanatory variables gross domestic product (GDP...

...Mohammad S. Hasan Using the notions of unit root, cointegration theory and Granger‐Akaike’s synthesis of modelling strategy, this paper examines the nature of stationarities, cointegration properties and Granger causal relationship between domestic savings and aid based on a sample of 27 developing...

...Girijasankar Mallik; Anis Chowdhury This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand, Spain, Sweden and the UK which have adopted a “formal” policy of low or zero inflation target. Using cointegration analysis and a vector error...

...Augustine C. Arize Applies new tests for parameter instability in cointegrated models to evaluate the traditional export demand function. The determinants of exports considered are world real income, export price and competitors’ export price. The data for Singapore (a newly industrializing economy...

...Mohsen Bahmani‐Oskooee This paper investigates the long‐run relationship between Iranian trade balance and the black market value of Iranian rial by employing cointegration technique. It is shown that in a oil producing country like Iran due to rent‐seeking opportunities, depreciation of the rial...

... general‐to‐specific methods after taking account of stochastic trends through unit root and cointegration tests. Granger causality and non‐nested tests applied to these models support the contention that both trade and technology contributed to increasing wage disparity during the borderless era. Moreover...