An augmented autoregressive distributed lag bounds test for cointegration

Economic Modelling - Tập 80 - Trang 130-141 - 2019
Chung Yan Sam1, Robert McNown2, Soo Khoon Goh1
1Centre for Policy Research & International Studies, Universiti Sains Malaysia, 11800 Penang, Malaysia
2University of Colorado, Boulder, CO, 256 UCB 80309, United States

Tóm tắt

Từ khóa


Tài liệu tham khảo

Afonso, 2009, Spend and tax: a panel data investigation for the EU, Econ. Bull., 29, 2545

Asteriou, 2016, Exchange rate volatility and international trade: international evidence from the MINT countries, Econ. Modell., 58, 133, 10.1016/j.econmod.2016.05.006

Baghestani, 1994, Do revenues or expenditures respond to budgetary disequilibria?, South. Econ. J., 60, 24

Bohn, 1991, Budget balance through revenue or spending adjustments, J. Monetary Econ., 27, 333, 10.1016/0304-3932(91)90013-E

Engle, 1987, Co-integration and error correction: representation, estimation and testing, Econometrica, 55, 251, 10.2307/1913236

Fasano, 2002

Friedman, 1978, The limitation of tax limitation, Pol. Rev., 5, 7

Goh, 2017, Re-examining foreign direct investment, exports, and economic growth in Asian economies using a bootstrap ARDL test for cointegration, J. Asian Econ., 51, 12, 10.1016/j.asieco.2017.06.001

Goh, 2017, Bootstrap ARDL on energy-growth relationship for 22 OECD countries, Appl. Econ. Lett., 10.1080/13504851.2017.1284980

Goh, 2015, Examining the exchange rate-regime monetary policy autonomy nexus: evidence from Malaysia, Int. Rev. Econ. Finance, 292, 10.1016/j.iref.2014.10.006

Hasan, 1997, Tax then spend or spend then tax? Experience in the UK 1961–1993, Appl. Econ. Lett., 4, 237, 10.1080/758518502

Jalil, 2013, Tourism-growth nexus in Pakistan: evidence from ARDL bounds tests, Econ. Modell., 35, 185, 10.1016/j.econmod.2013.06.034

Johansen, 1991, Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, 1551, 10.2307/2938278

Johansen, 1995

Kim, 2013, Assessing dynamics of crude oil import demand in Korea, Econ. Modell., 35, 260, 10.1016/j.econmod.2013.07.010

Korena, 1998, Tax and spend, or spend and tax? An international study, J. Pol. Model., 20, 163, 10.1016/S0161-8938(96)00073-7

McNown, 2018, Bootstrapping the autoregressive distributed lag test for cointegration, Appl. Econ., 50, 1509, 10.1080/00036846.2017.1366643

Meltzer, 1981, A rational theory of the size of government, J. Polit. Econ., 89, 914, 10.1086/261013

Muscatelli, 2000, The long-run stability of the demand for money: Italy 1861-1996, Econ. Lett., 90, 72

Musgrave, 1966, Principles of budget determination, 15

Narayan, 2005, The saving and investment nexus for China: evidence from cointegration tests, Appl. Econ., 37, 1979, 10.1080/00036840500278103

Owoye, 1995, The causal relationship between taxes and expenditures in the G7 countries: cointegration and error correction models, Appl. Econ. Lett., 2, 19, 10.1080/135048595357744

Peacock, 1961

Peacock, 1979, Approaches to the analysis of government expenditure growth, Publ. Finance Q., 7, 3, 10.1177/109114217900700101

Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, J. Appl. Econom., 16, 289, 10.1002/jae.616

Rushdi, 2012, ARDL bounds tests and robust inference for the long run relationship between real stock returns and inflation in Australia, Econ. Modell., 29, 535, 10.1016/j.econmod.2011.12.017

Westerlund, 2011, The tax-spending nexus: evidence from a panel of US state-local governments, Econ. Modell., 28, 885, 10.1016/j.econmod.2010.10.016