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Journal articles Applied Economics Letters Year : 2007

Testing the Fed and the Graham and Dodd Models : Asymmetric vs Symmetric Adjustment

Sofiane Aboura
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Abstract

We examine the empirical validity of the Fed Model and the Graham and Dodd model for five countries and over a time period spanning three decades by applying the Enders and Granger (1998) and Enders and Siklos (2001) threshold unit-root and cointegration tests. Our results support the hypothesis that the adjustment back to equilibrium is asymmetric.
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Dates and versions

halshs-00154378, version 1 (13-06-2007)

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  • HAL Id : halshs-00154378 , version 1

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Sofiane Aboura. Testing the Fed and the Graham and Dodd Models : Asymmetric vs Symmetric Adjustment. Applied Economics Letters, 2007, ND, pp.ND. ⟨halshs-00154378⟩
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Last update date on 5/25/24
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