This paper develops a new approach to the problem of testing the existence of a level
relationship between a dependent variable and a set of regressors, when it is not known …

This paper generalizes the existing cointegration analysis literature in two respects. Firstly,
the problem of efficient estimation of vector error correction models containing exogenous I …

The causality relationship between economic growth and coal, natural gas and oil
consumption was investigated using the ARDL (autoregressive distributed lag bounds) …

This paper investigates the short-run and long-run causality analysis between biomass
energy consumption and economic growth in the selected 10 developing and emerging …

This paper examines the dynamic relationship between natural gas consumption and
economic growth in Pakistan using a multivariate model by including capital and labor as …

Using the newly developed ARDL bounds testing procedure, we find that, as implied by the
intertemporal budget constraint, US saving and investment rates cointegrate in all sample …

This paper develops panel data tests for the null hypothesis of no error correction in a model
with common stochastic trends. The asymptotic distributions of the new test statistics are …

This study employs the ARDL cointegration approach in order to examine the impact of
financial liberalization on the relationships between the exchange rate and share market …

This paper investigates the impact of exchange rate volatility on UK exports to European
Union (EU) countries by means of a newly developed ARDL bounds testing procedure to …

This study examines the demand for broad money (M2) in China using the autoregressive
distributed lag (ARDL) cointegration framework. The results based on the bounds testing …