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the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …
Persistent link: https://www.econbiz.de/10010328841
The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...
Persistent link: https://www.econbiz.de/10011555530
Empirical studies show that years of schooling are positively correlated with good health. The implication may go from education to health, from health to education, or from factors that influence both variables. We formalize a model that determines an individual's demand for knowledge and...
Persistent link: https://www.econbiz.de/10011555595
search queries with regard to their mutual predictability, Granger-causality and cause-effect delay structure. The Bitcoin is … relatively high frequencies ranging from two to five months. In the other direction, causality runs from the cryptocurrency price … measure for the relevant frequency bands with significant causality ranges from slightly more than one month to about four …
Persistent link: https://www.econbiz.de/10012052781
Trust affects almost all human relationships – in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people’s beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011932074
increase in state-sponsored redistribution. We adopt a novel method of uncovering causality from non-experimental data proposed …
Persistent link: https://www.econbiz.de/10012207879
The extensive literature on intergenerational mobility highlights the importance of family linkages but fails to provide credible evidence about the underlying family factors that drive the pervasive correlations. We employ a unique combination of Dutch survey and registry data that links math...
Persistent link: https://www.econbiz.de/10012799688
We present a general framework for Bayesian estimation and causality assessment in epidemiological models. The key to … distribution. We show how to use the posterior simulation outputs as inputs for exercises in causality assessment. We apply our …
Persistent link: https://www.econbiz.de/10012582040
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon, we introduce an index of geopolitical fragmentation derived from various empirical indicators. This index is developed using a flexible dynamic factor model with time-varying...
Persistent link: https://www.econbiz.de/10015047292
Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences, we propose tentative guidelines for reliable causal inferences that cover aspects related to both the study itself and its fit with the existing background knowledge. We argue...
Persistent link: https://www.econbiz.de/10015061959