Faria, J.R. and Carneiro, F.G. (1997) The indexation of wages and bonds in Brazil. Applied Economics, 29 (11). pp. 1459-1464. ISSN 0003-6846.
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This paper analyses the dynamic relationship between the degrees of indexation of wages and public bonds in Brazil. A simple model is constructed to show that both degrees of indexation are determined simultaneously. We apply cointegration techniques and estimate error-correction representations to assess the temporal causality between them. Our results provide empirical support for the existence of simultaneity in the degrees of indexation in Brazil in the period 1980-93.
|Depositing User:||T. Nasir|
|Date Deposited:||22 Oct 2009 13:40|
|Last Modified:||22 Oct 2009 13:40|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/18422 (The current URI for this page, for reference purposes)|
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