exchange rate, expressed in real terms. To this end, weproceed to a cointegration and causality study between the two variables …. Our results indicate that causality runs from oil prices to the exchange rate and that the relationship between the two …

&D cooperation to explain the contribution of public and private R&D on growth. We propose a heterogeneous dynamic panel data model … in R&D are complementary. By establishing an endogenous growth model, the estimates indicate that public and private R …

Venezuela, for the period 1951-2011. By relying on cointegration techniques and applying Bernard and Durlauf's (1995) stochastic …

The aim of this paper is to study the performance of residual-based tests for cointegration in the presence of multiple … Westerlund and Edgerton (2007). This exercise allow us to cover a wide set of single-equation cointegration estimators. Monte …

cointegrated VAR (CVAR) framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating …

classical co-integration methods and causality tests are based on OLS regresses. However the linear functional specification is …In time series analysis, most estimation of relationships and tests are typically based on linear estimators and most …, significantly, have a better ability to identify long run co-integration and causal relationships than ordinary linear ones …

Standard tests for the rank of cointegration of a vector autoregressive process present distributions that are affected … cointegration properties between global temperatures and the radiative forcing of human gas emissions. We find new evidence of … Granger Causality. …