TESTING OF THE RICARDIAN EQUIVALENCE PROPOSITION An Empirical Examination for Malaysia (1962-2006)
This paper investigates the effects of debts and budgetary deficit on real variables using structural Vector Error Correction Model (VECM) method with long-run restrictions. We compare our estimates of the impulse responses with those based on levels Vector Auto-Regressive (VAR) with standard recurs...
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[Yogyakarta] : Universitas Gadjah Mada
2008
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