Error Correction Models (ECMs) have proved a popular organising principle in applied
econometrics, despite the lack of consensus as to exactly what constitutes their defining …

An overview of the cointegration approach to econometricspecification and estimation is
provided. A non‐technical approach isadopted, and is intended to serve as an entry into this …

Utilizing time series methods and data from five developed economies, we examine the
relationship between stock market development and economic growth, controlling for the …

The second edition of this widely acclaimed text presents a thoroughly up-to-date intuitive
account of recent developments in econometrics. It continues to present the frontiers of …

A recent article in this journal [Quan (1992, p. 144)] concludes that,"... the spot [crude oil]
market always leads the futures market and the crude oil futures market does not play an …

It is argued that debt service burden has a negative impact on investment and capital
accumulation. The main reason is that the greater percentage of reserves (foreign currency) …

The article investigates the dynamic interactions between seven macroeconomic variables
and the stock prices for an emerging market, Malaysia, using cointegration and Granger …

The article analyses the interactions between stock prices and exchange rates in Malaysia,
using bivariate as well as multivariate cointegration, and the Granger causality test. In the …

Recent articles have attempted to restore the use of a simple measure of the money supply
as an indicator of future price levels, P*, and to re-establish a causal link from money to …

The multivariate cointegration testing procedures recently developed by Johansen are used
to evaluate the law of one price (LOP) for prices in five international wheat markets. Efficient …