through 2001 Q2. By employing Johansen multivariate cointegration technique, this paper has considered the degree of …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …

framework from 1967 to 2007. This study employed the Johansen-Juselius cointegration test to examine the cointegration … model are income, health care price and the proportion of population aged more than 65 years old. Moreover, the TYDL … causality indicates that health expenditure and income is bi-directional in nature, thus policies initiative to promote health …

cointegration approach and Engle Granger Error Corection Model (ECM), covering monthly time series data from January 2000 to April … 2010, both short run and long run relationships are investigated. It is found out that there is cointegration relationship …