OpenDocs (Institute of Development Studies) · 1996 · 23 citations · 32 references
Open access
Social SciencesEconomicsEconometricsMacroeconomicsMonetary EconomicsBalance Of PaymentsBalance Of Payments EffectsCointegration AnalysisMonetary PolicyMonetary Transmission MechanismBalance Of Payments ApproachBalance Of Payments StatisticsMonetary DynamicsPayments ImbalancesStandard Error Correction
This paper tests the monetary approach to Zimbabwe's balance of payments during the period 1980 to 1991. It examines whether excess money supply played a role as a disturbance using multivariate cointegration and error-correction modelling.
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Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
David A. Dickey, Wayne A. Fuller · Econometrica · 1981 · 14.6K citations
Business, Economics, Econometrics +15