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TERMS OF TRADE, OIL PRICE AND BILATERAL TRADE BALANCE OF SINGAPORE WITH MALAYSIA: SOME EMPIRICAL EVIDENCE

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Figure

FIGURE 1 The Plot of the Natural Logarithms of Bilateral Trade Balance  of Singapore with Malaysia, Terms of Trade, and Oil Price
FIGURE 3 The Plots of Cumulative Sum of Recursive Residuals (CUSUM) and                Cumulative Sum of Squares of Recursive Residuals (CUSUMSQ)
TABLE 3 The Results of the Elliot, Rothenberg, and Stock (1996)  (ERS) and Kwiatkowski,  Phillips, Schmidt and Shin (1992)  (KPSS) Unit Root Test Statistics
TABLE 5  The Results of the Normalised Cointegrating Vectors
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