The Ardl Bounds Cointegration Test: Tips for Application and Pretesting
SSRN Electronic Journal, 2019The ARDL bounds test of Pesaran, Shin and Smith (2001) has become an important tool for exploring cointegration. However, some pretesting is needed for its valid application: regressor variables should not be integrated of order higher than unity; the dependent variable must be integrated of order one; and that there be at most one cointegrating ...
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Remittances and output in Bangladesh: an ARDL bounds testing approach to cointegration
International Review of Economics, 2011Although the relationship between remittances and output is still inconclusive in literature, most studies find that remittances have a positive effect on output in the long run. Contrary to this conventional direction of causality from remittances to output, our study finds that output alone determined long-run movements in remittances in a positive ...
Biru Paksha Paul +2 more
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US hotel industry revenue: an ARDL bounds testing approach
International Journal of Contemporary Hospitality Management, 2019Purpose This study aims to develop a parsimonious model to estimate US aggregate hotel industry revenue using domestic trips, consumer confidence index, international inbound trips, personal consumption expenditure and number of hotel rooms as predictor variables.
Han Chen +3 more
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Remittances and investment nexus in Bangladesh: an ARDL bounds testing approach
International Review of Economics, 2012Bangladesh is the 8th largest remittance recipient country in the world and one of the heavily dependent (11 % of GDP) countries of remittances. Despite its importance in policy making in developing countries like Bangladesh, there is absence of any study regarding the effect of remittances on the level of investment.
A. K. M. Nurul Hossain +1 more
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Industrial development and unemployment in Nigeria: an ARDL bounds testing approach
International Journal of Social Economics, 2019Purpose The industrial sector has been identified as one of the means to address the issue of unemployment due to its role in ensuring sustainable development. However, evidence from the Central Bank of Nigeria Statistical Bulletin reveals that the sector lags behind the agricultural and services sector in terms of its contribution to the gross ...
Omobola Adu +3 more
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ARDL bounds test for cointegration with application on income inequality
2018This thesis addresses the popular ARDL bounds test for cointegration and tries to demonstrate its underlying theoretical assumptions in a concise way so that someone interested in this area can easily apply and at the same time understand why and how it works.
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Testing the J-curve phenomenon in Nigeria: An ARDL bounds testing approach
2018This study examined the short-run and long-run effects of real exchange rate changes on the Nigeria's trade balance. The paper employed both linear and non-linear ARDL bounds testing approach to cointegration to test for the J-curve phenomenon in Nigeria using quarterly data spanning the period 1994 to 2018. Empirical results from the analysis revealed
Bawa, Sani +3 more
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The Determinants of Health Expenditures in Tunisia
International Journal of Information Systems in the Service Sector, 2014This article examines the determinants of health expenditures in Tunisia during the period 1961-2008, using the Autoregressive Distributed Lag (ARDL) approach by Pesaran et al. (2001). The results of the bounds test show that there is a stable long-run relationship between per capita health expenditure, GDP, population ageing, medical density and ...
Sami Chaabouni, Chokri Abednnadher
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Crime and economic conditions in Malaysia: An ARDL Bounds Testing Approach [PDF]
Economists recognized that economic conditions have an impact on crime activities. In this study we employed the Autoregressive Distributed Lag (ARDL) bounds testing procedure to analyze the impact of economic conditions on various categories of criminal activities in Malaysia for the period 1973-2003.
Habibullah, M.S., Baharom, A.H.
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The Impact of Foreign Reserves Accumulation on Inflation in Vietnam: An ARDL Bounds Testing Approach
2018This paper evaluates the short-term and long-term effects of foreign reserves accumulation on inflation in Vietnam between Q1/2004 and Q1/2017 in the context of a dollarized economy. The paper has been based on Irving Fisher’s classic monetary theory and inherited Steiner’s model (2009), by approaching the Autoregressive Distributed Lag Bounds Test ...
T. K. Phung Nguyen +2 more
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