Faridul, Islam; Mohammad, Iqbal Tahir; Muhammad, Shahbaz - Volkswirtschaftliche Fakultät, … - 2012
The paper implements the Autoregressive Distributed Lag (ARDL) approach to cointegration to test the Harberger-Laursen-Metzler (HLM) effect in the context of Bangladesh. The HLM effect predicts that a rise in terms of trade from an exogenous shock to a small open economy will lead to an...