This paper examines the validity of Fisher hypothesis in Turkey over the period from 1990:01 through 2010:03 by using cointegration and fractional cointegration approaches. The findings from Engle and Granger cointegration test indicate that inflation and nominal interest rate series are...

This paper investigates the impact of educational expenditures on economic growth for 18 Latin American countries over the period 1970–2009 by using cointegration test procedure in the presence of two unknown structural breaks. Considering structural breaks is necessary for our analysis...