Evidence from lesser developed countries on the fisher hypothesis: A cointegration analysis

James E. Payne; Bradley T. Ewing

doi:10.1080/758530649

Evidence from lesser developed countries on the fisher hypothesis: A cointegration analysis

James E. Payne, Bradley T. Ewing

Business Administration

Research output: Contribution to journal › Article › peer-review

17 Scopus citations

Abstract

This paper examines the Fisher hypothesis for a sample of less developed countries. Recognizing the possibility of spurious regression results, tests of the Fisher hypothesis are undertaken utilizing the Johansen-Juselius cointegration procedure. Of the nine countries studied, only Malaysia, Pakistan, and Sri Lanka provide evidence to support the full Fisher effect in which a unit proportional relationship exists between nominal interest rates and inflation.

Original language	English
Pages (from-to)	683-687
Number of pages	5
Journal	Applied Economics Letters
Volume	4
Issue number	11
DOIs	https://doi.org/10.1080/758530649
State	Published - Nov 1997

Access to Document

10.1080/758530649

Cite this

@article{394f751ef4764ffb82e7e6c6d27bff29,

title = "Evidence from lesser developed countries on the fisher hypothesis: A cointegration analysis",

abstract = "This paper examines the Fisher hypothesis for a sample of less developed countries. Recognizing the possibility of spurious regression results, tests of the Fisher hypothesis are undertaken utilizing the Johansen-Juselius cointegration procedure. Of the nine countries studied, only Malaysia, Pakistan, and Sri Lanka provide evidence to support the full Fisher effect in which a unit proportional relationship exists between nominal interest rates and inflation.",

author = "Payne, {James E.} and Ewing, {Bradley T.}",

year = "1997",

month = nov,

doi = "10.1080/758530649",

language = "English",

volume = "4",

pages = "683--687",

journal = "Applied Economics Letters",

issn = "1350-4851",

number = "11",

}

TY - JOUR

T1 - Evidence from lesser developed countries on the fisher hypothesis

T2 - A cointegration analysis

AU - Payne, James E.

AU - Ewing, Bradley T.

PY - 1997/11

Y1 - 1997/11

N2 - This paper examines the Fisher hypothesis for a sample of less developed countries. Recognizing the possibility of spurious regression results, tests of the Fisher hypothesis are undertaken utilizing the Johansen-Juselius cointegration procedure. Of the nine countries studied, only Malaysia, Pakistan, and Sri Lanka provide evidence to support the full Fisher effect in which a unit proportional relationship exists between nominal interest rates and inflation.

AB - This paper examines the Fisher hypothesis for a sample of less developed countries. Recognizing the possibility of spurious regression results, tests of the Fisher hypothesis are undertaken utilizing the Johansen-Juselius cointegration procedure. Of the nine countries studied, only Malaysia, Pakistan, and Sri Lanka provide evidence to support the full Fisher effect in which a unit proportional relationship exists between nominal interest rates and inflation.

UR - http://www.scopus.com/inward/record.url?scp=0031419755&partnerID=8YFLogxK

U2 - 10.1080/758530649

DO - 10.1080/758530649

M3 - Article

AN - SCOPUS:0031419755

VL - 4

SP - 683

EP - 687

JO - Applied Economics Letters

JF - Applied Economics Letters

SN - 1350-4851

IS - 11

ER -

Evidence from lesser developed countries on the fisher hypothesis: A cointegration analysis

Abstract

Access to Document

Other files and links

Fingerprint

Cite this