Temporal causality and the dynamic interactions between terms of trade and current account deficits in co-integrated VAR processes: further evidence from Ivorian time series

References

• Backus , D. K. , Kehoe , P. K. and Kydland , E. F. 1994 . Dynamics of the trade balance and the terms of trade: the J-curve . American Economic Review , 84 : 84 – 103 .
   Web of Science ®Google Scholar
• Baffes , J. and Shah , A. 1994 . Causality and comovement between taxes and expenditures: historical evidence from Argentina, Brazil, and Mexico . Journal of Development Economics , 44 : 311 – 331 .
   Web of Science ®Google Scholar
• Bahmani-Oskooee , M. and Janardhanan , A. 1995 . Is there any long-run relation between the terms of trade and trade balance? . Journal of Policy Modeling , 17 : 199 – 205 .
   Web of Science ®Google Scholar
• Balassa , B. 1984 . Policy response to external shocks in Sub-Saharan African countries . Journal of Policy Modeling , 5 : 75 – 105 .
   Web of Science ®Google Scholar
• Boswijk , P. and Franses , P. H. 1992 . Dynamic specification and co-integration . Oxford Bulletin of Economics and Statistics , 54 : 369 – 381 .
   Web of Science ®Google Scholar
• Engle , R. F. and Granger , C. W. J. 1987 . Co-integration and error correction: representation, estimation and testing . Econometrica , 55 : 251 – 276 .
   Web of Science ®Google Scholar
• Geweke , J. , Meese , R. and Dent , W. 1983 . Comparing alternative tests of causality in temporal systems: analytic results and experimental evidence . Journal of Econometrics , 21 : 161 – 194 .
   Web of Science ®Google Scholar
• Granger , C. W. J. 1969 . Investigating causal relationship by econometric models and cross-spectral methods . Econometrica , 37 : 424 – 438 .
   Web of Science ®Google Scholar
• Granger , C. W. J. 1986 . Developments in the study of co-integrated economic variables . Oxford Bulletin of Economics and Statistics , 48 : 213 – 228 .
   Web of Science ®Google Scholar
• Granger , C. W. J. 1988 . Some recent developments in a concept of causality . Journal of Econometrics , 39 : 199 – 211 .
   Web of Science ®Google Scholar
• Hamilton , J. D. 1994 . Time Series Analysis , Princeton : Princeton University Press .
   Google Scholar
• Hoque , A. 1995 . Co-Integration relationship between terms of trade and current account deficit: the Australian evidence . Applied Economic Letters , 2 : 130 – 133 .
   Web of Science ®Google Scholar
• Johansen , S. 1988 . Statistical analysis of co-integration vectors . Journal of Economic Dynamics and Control , 12 : 231 – 254 .
   Web of Science ®Google Scholar
• Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on co-integration with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
   Web of Science ®Google Scholar
• Khan , M. S. and Knight , M. D. 1983 . Determinants of current account balances of non-oil developing countries in the 1970s: an empirical analysis . IMF Staff Papers , 30 : 819 – 842 .
   Google Scholar
• Lutkepohl , H. and Reimers , H. E. 1992 . Granger-Causality in co-integrated VAR processes: the case of the term structure . Economic Letters , 40 : 263 – 268 .
   Web of Science ®Google Scholar
• MacKinnon , J. E. 1990 . Critical values for co-integration tests, Discussion Paper , San Diego : University of California .
   Google Scholar
• Masih , A. M. M. and Masih , R. 1996 . Empirical tests to discern the dynamical causal chain in macroeconomic activity: new evidence from Thailand and Malaysia based on a multivariate co-integration/vector error correction modeling approach . Journal of Policy Modeling , 15 : 531 – 560 .
   Google Scholar
• Osterwald-Lenum , M. 1992 . A note with quantiles of the asymptotic distribution of the maximum . Oxford Bulletin of Economics and Statistics , 54 : 461 – 471 .
   Web of Science ®Google Scholar
• Phillips , P. C. B. and Perron , P. 1988 . Testing for a unit root in time series regression . Biometrika , 75 : 335 – 346 .
   Web of Science ®Google Scholar
• Sims , C. A. 1972 . Money, income, and causality . American Economic Review , 62 : 540 – 552 .
   Web of Science ®Google Scholar