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...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Universitas Gadjah Mada
2008-06-01
|
Series: | Gadjah Mada International Journal of Business |
Subjects: | |
Online Access: | https://jurnal.ugm.ac.id/gamaijb/article/view/5571 |